Course Action Alleges Navient Misled Student Loan Borrowers About FFELP Repayment Alternatives

Course Action Alleges Navient Misled Student Loan Borrowers About FFELP Repayment Alternatives Navient Corporation is amongst the defendants in yet another proposed course action that alleges the business misled student loan borrowers. The 23-page grievance alleges Navient, dealing with an “existential risk” following the passage through of a federal legislation this year that ended the government’s Federal Family Education Loan Program (FFELP), “intentionally misled” borrowers far from government-offered payment choices that will have been around in pupils’ interest – that is best but could have triggered a loss in income for Navient. Navient accomplished this, the lawsuit alleges, by, among other so-called strategies, purposely omitting …

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