Brief: Navient Announces Successful Resolution Of Legal Matters With State Attorneys General

Navient

13/01/2022 16:11

Jan 13 (Reuters) - Navient Corp  NAVI.O :
    * NAVIENT ANNOUNCES SUCCESSFUL RESOLUTION OF LEGAL MATTERS
WITH
STATE ATTORNEYS GENERAL
    * NAVIENT CORP - REACHED AGREEMENTS WITH STATE ATTORNEYS
GENERAL
TO RESOLVE THEIR PREVIOUSLY DISCLOSED MULTISTATE LITIGATION AND
INVESTIGATIONS
    * NAVIENT CORP - ALSO HAS AGREED TO MAINTAIN SERVICING
PRACTICES
THAT SUPPORT BORROWER SUCCESS
    * NAVIENT CORP - COMPANY WILL MAKE A ONE-TIME PAYMENT OF
APPROXIMATELY $145 MILLION TO STATES
    * NAVIENT CORP - WILL MAKE A ONE-TIME PAYMENT OF
APPROXIMATELY
$145 MILLION TO STATES
    * NAVIENT CORP - CO ESTIMATES THAT COSTS ARE SUBSTANTIALLY
LOWER
THAN EXPECTED COSTS OF ONGOING STATE-BY-STATE LITIGATION AND
INVESTIGATIONS
    * NAVIENT CORP -PORTION OF PAYMENT WILL REIMBURSE STATES FOR
COSTS
WITH REMAINING FUNDS TO BE USED BY STATES TO PROVIDE PAYMENTS TO
CERTAIN STUDENT LOAN BORROWERS
    * NAVIENT CORP - WILL CANCEL LOAN BALANCES OF ABOUT 66,000
BORROWERS WITH CERTAIN QUALIFYING PRIVATE EDUCATION LOANS

Source text for Eikon:  ID:nGNX1Ypf26 
Further company coverage:  NAVI.O 

 ((Reuters.Briefs@thomsonreuters.com;))