How lawsuits against student loan servicer Navient could affect you

 

Source: Michelle Singletary, Washington Post ( Paid Registration )

Navient, the country’s largest student loan servicer, is facing several lawsuits by attorneys general accusing the company of, among other things, steering borrowers to payment options that cost them more money.

At issue is an alleged practice to encourage “borrowers to postpone payments through forbearance, an option in which interest continues to accrue, rather than enroll in an income-driven repayment plan that would avoid fees,” reported The Washington Post’s Danielle Douglas-Gabriel.

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