Judge Denise Cote dismissed most of the plaintiffs’ claims because they were either vague, lacked documented proof, or didn’t rise to a violation of law. Navient, which has denied any wrongdoing, and therefore the American Federation of Teachers reached a settlement that has the following:
Navient can pay $1.75 million to fund an independent organization which will educate borrowers who add public service about the general public Service Loan Forgiveness program.
Each of the ten plaintiffs will receive $15,000.
Navient will further train its customer service representatives to concentrate for key words associated with public service loan forgiveness in order that they can connect borrowers with the general public Service Loan Forgiveness program.
Navient also will monitor customer service calls to make sure its representatives are providing accurate information to borrowers who have an interest publicly service loan forgiveness.
Navient will create standardized templates for borrowers who request information about public service loan forgiveness.
Neither Navient nor the American Federation of Teachers have commented publicly on the settlement. the general public Service Loan Forgiveness Program may be a federal program that forgives federal student loans for borrowers, including teachers, who are employed full-time (more than 30 hours per week) in an eligible federal, state or local public service job or 501(c)(3) non-profit job who make 120 eligible on-time payments.
The rest of this post gives detailed information about Navient lawsuits, what they mean for students like you who took out massive loans and what we can expect from the future. There are lots of things you might need to know before filing a claim against the company to get Navient loan forgiveness.
It is 2019 and Navient lawsuits brought against them by the Attorney Generals of Illinois, and the CFPB is still present for mistreating the student loan processing services. It means that you can apply to the BDAR, ONCE the lawsuits are acknowledged and the Education Department starts to accept Borrower’s Defense to Repayment Program applications against the company.
Even if you can’t file a claim against the company to get Navient loan forgiveness, you have other choices to get you back on track if you have not yet gone into default. There are lots of options available for you to reduce your monthly payments by adjusting repayment plans or exploiting forgiveness.
Navient lawsuits are a big deal proving that we are finally on the right path to solving the student loans crisis along with the Consumer Financial Protection Bureau, the Federal Government, and some States Attorney Generals. They are all standing up for ordinary people of the US and trying to fight the student loan servicing company who does not care about the students. They are pursuing this to make sure that all harmed students can get loan forgiveness. Navient lawsuits show that the tide of the ocean is turning against large companies who have been robbing ordinary citizens of America for years.
Therefore, decisive steps towards solving student loans crisis should be celebrated because this problem is finally getting the attention it deserves. All the current and prior students who have taken student loans from Navient, whether they finished the repayment program or not should keep following the news about Navient lawsuits because there is a chance that Navient loan forgiveness program will offer massive payouts in case the Navient lawsuits prove to be successful.