Naviest resolves state probes into student loan practices

Navient Holdings

13/01/2022 16:16

Jan 13 (Reuters) - Navient Corp  NAVI.O  said on Thursday it
agreed to pay $145 million to settle multistate litigation into
its student loan practices.
    The company also said it will cancel loan balances for about
66,000 borrowers with loans that were largely made between 2002
and 2010 and later went into default.
    Navient said that as part of the settlement, it denied
violating any laws or causing borrower harm.
    

 (Reporting by Jonathan Stempel in New York)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))