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Over 4 years throughout which he lived in a homeless shelter for a interval and generally struggled to purchase fundamental requirements, Miguel Rivera despatched greater than $1,000 to the student loan firm Navient NAVI, -0.64%. The cash didn’t go towards paying down his greater than $100,000 in student-loan debt. Rivera despatched it in an try…
More than 2,800 debtors are having their paychecks garnished over defaulted student loans, although the CARES Act was purported to pause student debt funds and collections beginning in March. That’s in line with the newest filings in a lawsuit accusing Secretary of Education Betsy DeVos and her company of violating the CARES Act, the coronavirus…
A authorities watchdog is accusing the nation’s largest student loan servicer of mistreating debtors. In a lawsuit filed Wednesday, the Consumer Financial Protection Bureau (CFPB) claimed that Navient NAVI, +1.07% , which companies a whole lot of billions of {dollars} of federal and personal student loan debt, steered struggling debtors towards reimbursement plans that required…