I can’t find the thread but surely it must be her somewhere. Who is included in the Navient settlement? Am I eligible for student loan forgiveness? - AS USA Please merge this if there is a thread already started
No one here wants to invest in their child’s future.
“Around 66,000 student debt holders “who took out certain private student loans, largely between 2002 and 2010, and who subsequently defaulted and met other criteria.” The majority of these borrowers attended for-profit institutions.”
Seems to be once again addressing the predatory for profit institutions.
Are they illegal yet?
“ Student Loan Forgiveness For Some Navient Private Student Loans
The settlement agreement for Navient provides for $1.7 billion in private student loan cancellation. Here are the details:
- Only certain private student loans issued by Navient or its predecessor, Sallie Mae.
- Qualifying borrowers must have attended certain for-profit educational institutions such as Corinthian schools, DeVry University, the Art Institutes, ITT Technical Institutes, and others.
- The student loans must have been disbursed between 2002 and 2014.
- The student loans must have been delinquent (behind on payments) for at least seven monthly billing cycles prior to June 30, 2021.
- In most cases, only loans that are still collectible under the applicable statute of limitations, or are still being reported to credit bureaus, as of June 30, 2021, are eligible.
- Borrowers must live in specific states covered by the settlement. Many, but not all, states will qualify.”