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Stock impact report

Navient student loan settlement payments are arriving. What to know. [USA TODAY]

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: USA TODAY
How many borrowers have already received a Navient settlement check? The CFBP, under the Biden administration, accused Navient of pushing borrowers into pause their payments even when they qualified for cheaper repayment plans, causing them to pay more interest. The agency also alleged other deceptive practices. Navient, which has said it disagrees with the allegations, agreed to stop servicing federal student loans and to pay $120 million to settle the case. Most of that money, $100 million was set aside to compensate borrowers. When the CFPB filed the lawsuit that ultimately led to the settlement in 2017, Navient handled more than 6 million student loan accounts under its contract with the Department of Education according to a 2024 news release announcing the proposed enforcement action. The payments began more than a year after President Donald Trump effectively hamstrung the CFPB, causing consumer advocates to say that hundreds of millions in payments stemming from enfor Show less Read more
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