Did not admit to any wrongdoing as part of agreement

(FOX BUSINESS) – Student lender Navient has announced that it has canceled over $1.7 billion in student loans as part of an agreement to settle ongoing litigation with various states attorneys general.

States attorneys general accused Navient of engaging in “deceptive and abusive practices, targeted students who it knew would struggle to pay loans back, and placed an unfair burden on people trying to improve their lives through education.”

The agreement, announced Thursday following over four years of litigation, does not include any admission of guilt on the part of Navient. The company “expressly denies violating any law, including consumer-protection laws, or causing borrower harm.”

Read the full story ›

These reports are produced by another news agency, and the editors of WND believe you’ll find it of interest.

Popular Right Now

WND News Services January 12, 2022 at 5:27pm

Art Moore January 12, 2022 at 7:57pm

WND Comics January 13, 2022 at 6:59pm

Jack Davis, The Western Journal January 12, 2022 at 9:19pm

Amanda Thomason, The Western Journal January 14, 2022 at 9:03pm

David Harsanyi January 13, 2022 at 7:20pm

WND News Services January 12, 2022 at 6:48pm

WND Comics January 14, 2022 at 6:27pm

WND News Services

Read Source