Wednesday, June 5, 2024

Navient Will Cancel Private Student Loans. Most Don’t Know About It. - The New York Times

More than a million borrowers who were defrauded by for-profit schools have had billions of dollars in federal student loans eliminated through a government aid program. But people with private loans have generally been excluded from any relief — until recently. 

Navient, a large owner of private student loan debt, has created, but not publicized, a program that allows borrowers to apply to have their loans forgiven...

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