News
Navient Student Loan Forgiveness: What Borrowers Need to Know | NerdWallet
According to PPSL, Navient has recently begun sending out a “school misconduct discharge” application to a select group of borrowers who were defrauded by their colleges.
Private Student Loan Forgiveness Application Is Now Available, But Few May Be Aware | Forbes
A major national private student loan lender has quietly released a new application that provides a limited, but very real, pathway to potential relief.
There’s a Program to Cancel Private Student Debt. Most Don’t Know About It. | New York Times
“A nonprofit group is publicizing the relief program that Navient, a large lender, created for students who attended for-profit schools that misled them.”
PPSL Launches Awareness Campaign Around New Borrower Defense Application Process for Private Student Loans
Navient borrowers who experienced school misconduct are encouraged to submit applications for cancellation of their private student loans.
Judge Alsup Criticizes Department of Education’s Continued Mishandling of Borrower Defense Settlement
Court demands action and accountability at the first of three status hearings on the overdue relief in the $6 billion borrower defense settlement
Biden Debt Relief For Ripped-Off Art Institutes Students Is A Big Step. More Is Needed. | Republic Report
In a statement issued last week, the Project on Predatory Student Lending, which represents students abused by for-profit schools, explained well the private loan dimension to the EDMC scam: “EDMC … partnered with Sallie Mae (now known as Navient), to convince AI borrowers to take out private student loans to augment their federal student loans.”
Art Institutes Students Secure Big Borrower Defense Win with $6.1 Billion Group Discharge
In another victory for defrauded former for-profit college students, the Biden-Harris Administration announced the approval of more than $6.1 billion in automatic student loan relief to nearly 317,000 borrowers who enrolled at any Art Institute campus on or after Jan. 1, 2004, through Oct. 16, 2017.
Court Extends Student Loan Forgiveness Deadline As Borrowers Await Relief Under Settlement | Forbes
“Class Members are suffering serious, ongoing harm” due to the department’s failures, wrote the Project in its motion. Attorneys noted that borrowers were expecting to receive the settlement relief by January so that they could “pay for life necessities” such as healthcare or buying a car.
Judge Alsup Blasts Department of Education on Borrower Defense Settlement
At a hearing on the Plaintiffs’ motion to enforce implementation of settlement relief in Sweet v. Cardona, Judge William Alsup expressed disappointment in the Department of Education’s gross mishandling of settlement relief and set a strict schedule with accountability measures to ensure that the overdue relief is delivered by August 31, 2024.
Student Borrowers Blast Department of Education for "Bungled” Implementation of Borrower Defense Settlement
Latest brief details how ED did not perform any oversight of student loan servicers and failed to monitor compliance in $6 billion settlement