NPR

Navient reaches a deal to cancel $1.7 billion in student loan debts

The loan servicing giant has agreed to cancel student loan debts owed by roughly 66,000 borrowers as part of a settlement the company reached with 39 state attorneys general.
As part of the settlement, the loan servicing company Navient agreed to pay $95 million for states to offer affected borrowers some reimbursement — roughly $260 each to 350,000 borrowers.

The loan servicing giant Navient has agreed to cancel $1.7 billion in student loan debts owed by roughly 66,000 borrowers as part of a with 39 state attorneys general.

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