Salem Radio Network News Friday, January 21, 2022

Business

Navient resolves state probes into student loan practices

(Fixes typo in headline)

(Reuters) – Navient Corp said on Thursday it agreed to pay $145 million to settle multistate litigation into its student loan practices.

The company also said it will cancel loan balances for about 66,000 borrowers with loans that were largely made between 2002 and 2010 and later went into default.

Navient said that as part of the settlement, it denied violating any laws or causing borrower harm.

(Reporting by Jonathan Stempel in New York)

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