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Education loan business Navient utilized misleading techniques, Dept. Of Education audit suggests

Education loan business Navient utilized misleading techniques, Dept. Of Education audit suggests

Gan Golan from Los Angeles, dresses while the «Master of Degrees, » while keeping a ball and string representing their university loan financial obligation. (Picture: AP Photo/Jacquelyn Martin)

NY (AP) — One for the nation’s student loan servicing companies that are largest could have driven tens and thousands of borrowers struggling along with their debts into higher-cost payment plans.

That’s the finding of the Department of Education review of methods at Navient Corp., the nation’s student loan servicing company that is third-largest.

The conclusions of this 2017 review, which so far happen held through the public and had been acquired because of The Associated Press, may actually help federal and state lawsuits that accuse Navient of boosting its earnings by steering some borrowers in to the high-cost plans without talking about choices that could have already been less expensive into the long haul. Прочитать остальную часть записи »

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