FRANKFORT, Ky. – Attorney General Daniel Cameron announced a $1.85 billion settlement between 39 attorneys general and Navient Corporation (Navient) and its subsidiaries related to their servicing of student loans.
Navient, labeled as among the nation’s premier education loan servicers, enjoys accessible to spend $step 1.85 million to help you 38 says while the Area out of Columbia. Kentucky will receive $step one,419,, and $step one,241,950 from inside the restitution to help you 4,659 Kentucky borrowers.
New agree reasoning resolves accusations off user security law violations associated to Navient’s presumably misleading education loan servicing strategies.