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Stock impact report

Some student loan borrowers are getting Navient settlement checks — here's who qualifies [CNBC]

Navient Corporation (NAVI) 
Last navient corporation earnings: 4/21 04:14 pm Check Earnings Report
US:NASDAQ Investor Relations: navient.com/about/investors
Company Research Source: CNBC
from a settlement between the Consumer Financial Protection Bureau and the lender. At least 100,000 borrowers could receive compensation from the agreement, one expert estimates. The settlement is also a reminder to borrowers about how costly it can be to put their loan payments on hold. In this article Source: Navient Some student loan borrowers can soon expect a check in the mail, more than a year after the Consumer Financial Protection Bureau reached a $120 million settlement with former federal servicer Navient The CFPB said Navient steered student loan borrowers away from affordable repayment plans and into expensive forbearances , causing many to pay steep interest charges. “People suffered real consequences — delaying children, not buying homes or returning to school when they wanted to, and more,” said consumer advocate Julia Barnard, who was the top student loan official at the CFPB when the settlement was announced. “These checks are necessary and will help m Show less Read more
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