It’s something else that was overdue.
It’s something else that was overdue. More than 350,000 people will get small payouts and 66,000 people will have their student loan debt canceled as part of a settlement between student loan company Navient and 38 states. Navient was accused of predatory lending, loaning people money despite knowing they had little chance of paying it back and then charging interest that drove those people into debt. Prosecutors also said Navient steered people away from programs that would’ve helped them pay the money back quicker and easier. Navient did not admit to any crimes in the settlement. The company insisted it did nothing wrong. The vast majority of the settlement, $1.7 billion, will go to cancellation of debt for 66,000 people throughout the 38 participating states and Washington, D.
