News
CFPB Pullback Shrinks Bankrupt Student Loan Borrowers’ Options | Bloomberg Law
“The CFPB played a key role in forcing student loan servicer Navient Corp. to change how it handled certain private loan discharges, according to Eileen Connor, president of the Project on Predatory Student Lending. Lenders such as Navient often include arbitration clauses in their contracts, making it harder for borrowers to seek legal help, she said.
Student loan borrowers misled by colleges were about to get relief. Trump fired people poised to help | The Hechinger Report
‘“I hate to think about what it means going forward for other lenders, and also for Navient itself, if they feel like all of a sudden they aren’t accountable to their legal obligations,” said Eileen Connor, president and director of the Project on Predatory Student Lending.”
Graduate saddled with $138K debt for 'worthless' degree sues loan servicer Navient for fraud | Chicago Sun-Times
“The servicer let some borrowers off the hook after a 2022 settlement — but not Amanda Luciano and others who faithfully made their loan payments.”
Student Borrowers Sue Navient for Denying Discharge Applications Despite Evidence of School Misconduct
New lawsuit highlights the dangers of gutting oversight and allowing private lenders to profit off students and taxpayers with impunity
Calling for For-Profit College Accountability at NJ Senate Higher Education Hearing
At a New Jersey Senate Higher Education Committee hearing recently, student loan borrowers testified alongside the Project on Predatory Student Lending (PPSL), calling for stronger oversight and transparency around proprietary institutions of higher education.
This 85-year-old mom co-signed her daughter’s student loan years ago. Now she fears the lender may take her house | CNBC
Many people who borrow private student loans are required to get a co-signer, a requirement that can spread the pain if repayment becomes a challenge.
Navient Is Quietly Forgiving Private Student Loans Amid Pressure From Lawmakers | Money
The existence of Navient’s new discharge program largely came to light when the PPSL launched a campaign on May 30 to encourage borrowers to apply. The nonprofit legal organization also released a step-by-step guide to request loan forgiveness.
Navient debuts private student loan forgiveness, and other student loans news | Bankrate
If you were defrauded by your school and have student loans serviced through Navient, the servicer is now offering a simplified route to student loan forgiveness. The Project on Predatory Student Lending (PPSL) recently discovered that the servicer now offers borrowers the chance to apply for loan discharges. However, Navient never publicized the process.
Borrowers urged to apply for Navient's private student loan forgiveness | Fox Business
There's been much ado about federal student loan forgiveness with little relief directed to students holding private student debt. However, a little-known program directed by private student loan lender Navient is forgiving private loans for borrowers seeking relief on the grounds that their school lied to them.
Some student-loan borrowers with private debt have a chance to get their balances wiped out — but they have to ask for it | Business Insider
while Navient has a process for defrauded borrowers to get relief, many of them might not know about it because they have to request an application. The Project on Predatory Student Lending, which advocates for defrauded borrowers, published updated information on the steps borrowers need to take to apply for the relief