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Thursday, nov 28
Tag:
Student Loan Servicers
News
CT To Have $19M In Student Debt Canceled As Part Of $1.85B Settlement
Connecticut Attorney General William Tong announced that $19 million in loan debt is being canceled for student borrowers in the state after an investigation into one of the country's largest student loan servicers found it deceived thousands of borrowers. Tong said in an announcement on Thursday, Jan. 13, that a coalition of 39 attorneys general negotiated the $1.85 billion settlement with Navient. A multistate investigation found that since 2009, Navient deceived thousands of student loan borrowers into forbearance plans that led them to pay more than they should have paid, Tong sai…