The $1.7 billion student loan deal that was too good to be true

 

Source: Stacy Cowley, N.Y.Times ( Paid Registration )

Even though prosecutors said Navient had made predatory loans to hundreds of thousands of borrowers it knew couldn’t afford them, the settlement covered only about 66,000 who were in default. Those who managed to make the payments on their deceptive, high-interest debt — mostly to attend for-profit schools that left them with worthless degrees — would just have to keep paying.

 

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