Even if you can’t file a claim against the company to get Navient loan forgiveness, you have other choices to get you back on track if you have not yet gone into default. The rest of this post gives detailed information about Navient lawsuits, what they mean for students like you who took out massive loans, and what we can expect from the future. The case against Navient says that Jorge’s private loans should be discharged under the “Holder Rule.” According to the filing, the Holder Rule says, “student loan borrowers can assert against any holder of their private student loans … There is a high chance of getting loan forgiveness in your case. The Federal Student Loan Rehabilitation Program was already very confusing, and allegedly, Navient took advantage of it and made it harder for its borrowers. These forgiveness programs are all federal, and are therefore only available for federal student loans, including the following: You may be able to negotiate lower payments on private student loans, or even qualify for a private loan assistance program that can pay off some or all of your debt. If you happen to have a large number of student loans, then you might be highly interested in reducing your monthly loan payments or getting out of debt as fast as possible. These lawsuits could take years to come to conclusion, but many Navient student loan borrowers are rightly concerned about how the pending legal actions could affect them. Instead, your Navient loans may qualify for loan forgiveness with the federal government’s loan forgiveness and repayment programs. This includes private loan assistance programs, like those offered to health care providers by the National Health Service Corps, as well as refinancing and negotiating lower monthly payments. This type of loan forgiveness is available to borrowers who are unable to make their student loan payments due to total and permanent disability. As a result, they got their hands on all three of the roles in controlling the whole cycle of student debt. The best way to ensure that the loan servicer does not mislead you is by getting familiar with your options, such as repayment plans, forgiveness, and discharge programs. Reply. They are all standing up for ordinary people of the US and trying to fight the student loan servicing company that does not care about the students. This indicates and makes clear that student loan servicers aren’t immune to the laws of the state and must be held accountable for their wrongdoings. Navient lawsuit started in August 2015 by The Consumer Financial Protection Bureau or CFPB. To end a lawsuit brought by a group of teachers, Navient, one of the nation’s largest student loan servicers, has agreed to alter its practices for identifying and guiding public service workers se. Most loan servicers, including Navient, would rather work with you to find a repayment plan that works than see you default on your loan because you’re unable to pay. Each of the Navient lawsuits is accusing the company of allegedly making the student loan repayment process and the student loan servicing as expensive, confusing, and painful as possible. There have been various conversations around student-loan forgiveness. Navient Is a Servicer to Federal Student Aid. You can access your Navient loan information directly by logging into your account at Navient.com. In CFPB’s lawsuit against Navient, it is mentioned that both public and private student loan borrowers would have a chance to take advantage of the Navient Student loan Forgiveness program. Student Loan debt crisis worsened after, allegedly, Navient thought that they could secure guaranteed repayment for their loans if they work as a lender, debt collection agency, and loan servicer for any debts that are in default. This means that Sallie Mae loans aren’t Navient loans, and Navient student loans aren’t Sallie Mae loans. It is vital to comprehend how you and your debt fit in. Allegedly, Navient gave the borrowers false information about their options so they cannot get out of the default. In 2014, Sallie Mae announced it would separate into two publicly-traded companies in order to work within this new legislation: Sallie Mae and Navient. Navient is a student loan servicer that offers its services to more than 12 million student loan borrowers. … If your Navient student loans are federal, you’re in luck: that means your loans qualify for federal student loan forgiveness programs. Can get loan forgiveness, click here who need payment Relief Navient ) is! 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