Navient Settles for $1.85 Billion Over Student Loan Servicing Fraud - Steered Borrowers Into Costly Forbearances

A bipartisan coalition of 39 state attorneys general announced a $1.85 billion settlement with Navient Corporation on January 13, 2022, resolving allegations that the student loan servicing giant engaged in systematic fraud by steering struggling borrowers into costly long-term forbearances instead …