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LAWSUIT: Student Loan Giant Crippled NJ Borrowers, State Authorities Charge LAWSUIT: Student Loan Giant Crippled NJ Borrowers, State Authorities Charge
Lawsuit: Student Loan Giant Crippled NJ Borrowers, State Authorities Charge One of the nation’s largest student loan servicers has screwed young borrowers in New Jersey, state authorities charged Tuesday in a blockbuster lawsuit against Navient. This includes deliberately fooling some of them into paying back more money than was due at the time by lying about the amounts, they said. “Higher education should be a pathway to success, not a road to financial ruin,” Attorney General Gurbir S. Grewal said in announcing the suit's filing. “Even before the financial fallout from the COVID-19 pandemic, too many New Jerseyans were struggling to pay off their student loans,…

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by Jerry DeMarco