Attorneys Standard Alan Wilson announces settlement that have education loan servicer Navient

(COLUMBIA, S.C.) – Attorneys General Alan Wilson announced now one Navient, known as among the nation’s prominent student loan servicers, commonly settle allegations regarding widespread unfair and you can deceptive student loan servicing strategies and you may violations inside the originating predatory figuratively speaking.

It settlement, entered by a great coalition from 39 attorney general, solves states one because 2009, even after representing it manage help borrowers get the best fees choices for her or him, Navient steered having difficulties education loan consumers with the costly enough time-term forbearances instead of counseling him or her regarding advantages of a lot more reasonable income-passionate installment arrangements.