Attorney General Peterson Announces $1.85 Billion Settlement with Student Loan Servicer Navient
Settlement includes $1.7 billion in debt cancellation and $95 million in restitution; Nebraska borrowers will receive over $5,951,417 million in relief
Lincoln--Attorney General Peterson announced today that Navient, known as one of the nation’s largest student loan servicers, will provide relief totaling $1.85 billion to resolve allegations of widespread unfair and deceptive student loan servicing practices and abuses in originating predatory student loans.