Leading student loan expert Mark Kantrowitz points out that Navient left the Direct Loan program in October 2021, transferring those loans to Maximus.

Navient Settles $120M Student Loan Misconduct Case, Affected Borrowers to Receive Compensation The majority of the settlement will be used to pay affected customers, who will be determined by the ...

Navient has agreed to pay $120 million as part of a settlement agreement reached with a federal regulator—most of which is expected to go to impacted student loan borrowers. If approved by the ...

Navient has been banned from servicing federal student loans and ordered to pay $120 million for “years of abuse of students and taxpayers.” ...

A U.S. regulator on Thursday banned Navient from servicing federal student loans, excluding the company once known as Sallie Mae from a market it once led, and ordered it to pay $120 million for ...

Navient, CFPB reach $120M settlement over landmark student loan servicing case The settlement also bans Navient from servicing federal student loans again in the future.

The government’s top consumer watchdog is banning Navient from federal student loan servicing and ordering the company to pay $120 million for alleged lending failures. The settlement announced ...

The Consumer Financial Protection Bureau said Thursday student loan servicing company Navient will be banned from servicing federal direct loans and must pay $120 million for what the agency ...

Student-loan company Navient is barred from servicing federal loans in a settlement it reached with the CFPB over claims it mismanaged payments.

Navient, once one of the largest student loan servicers partnered with the U.S. government, has reached a $120 million settlement with the Consumer Financial Protection Bureau and has been banned from ...

The company has been banned from servicing federal student loans and must pay $100 million to harmed borrowers, as well as a $20 million penalty.

In the settlement with Navient, $100 million will be used to make payments to affected borrowers, a federal watchdog agency said Thursday.