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Settlement Provides $1.85 Billion In Nationwide Relief To Students Who Got Loans From Navient Settlement Provides $1.85 Billion In Nationwide Relief To Students Who Got Loans From Navient
Settlement Provides $1.85 Billion In Nationwide Relief To Students Who Got Loans From Navient One of the nation’s largest student loan servicers has agreed to relieve $1.85 billion in loan debt to help settle a blockbuster lawsuit filed by 38 states and the District of Columbia, authorities announced Thursday. Under the terms of the settlement, Navient Corp and its subsidiary Navient Solutions LLC will make restitution payments of roughly $260 each to 350,000 borrowers, Acting New Jersey Attorney General Andrew J. Bruck said. It will also cancel more than $1.7 billion in subprime private student loans owed by 66,000 or so borrowers nationwide, he said. The settlement includes appro…

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by Jerry DeMarco
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Jets Fans Sue Team Over PSL Change Jets Fans Sue Team Over PSL Change
Jets Fans Sue Team Over PSL Change A group of New York Jets season ticket holders are suing the organization for no longer requiring licenses for buying seats in MetLife Stadium's mezzanine. The class-action suit was filed in Superior Court in Hackensack on Friday by an attorney for longtime Jets fans James T. Gengo of Trumbull, CT, who says he was required to pay $8,000 for personal seat licenses before he could buy two mid-level seats at the stadium before it opened in 2010. The Jets rendered that outlay for him and more than 1,000 fellow fans "entirely or substantially worthless" -- violating consumer-protection…

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by Jerry DeMarco