Navient Loan Forgiveness

For Private Student Loans

Navient, a private student loan provider founded by the split of Sallie Mae, has caused quite a stir. In 2015 Navient was forced to pay 78,000 military service members $60 million in compensation for being charged excess on their student loans. Just this year a class action lawsuit was filed alleging Sallie Mae and Navient have been inappropriately charging a 5% late fee when certain borrowers miss a payment. If you took out a private student loan from Navient you may qualify for one of the private student loan forgiveness programs. If you are a victim to the predatory practices of for-profit colleges, you may qualify for one of these programs or for debt invalidation. We highly advise you call us immediately to see how we can help. Give us a call at (888) 408-5491

Timeline of Events

2014

Navient is created by the split of Sallie Mae into two distinct entities, Sallie Mae Bank and Navient.

2014

Navient’s Moody’s investor service downgrades senior unsecured debt and corporate family rating to Ba3 because of its loss of earning, cash flows, equity and high leverage.

2015

Navient celebrates student loan success.

2015

CEO Jack Remondi two year compensation from Navient is $11.9 million.

2015

Consumer Financial Protection Bureau sends Navient a letter telling its executives that the agency’s enforcement staff has found evidence to indicate the company violated consumer protection laws.

2015

The United States Department of Justice announces nearly 78,000 military service members would begin receiving $60 million in compensation for being charged excess on their student loans from Navient.

2016

Senator Elizabeth Warren calls for a total reform of student loan servicing to make sure another Navient disaster does not happen again.

2016

A class action lawsuit has been filed alleging Sallie Mae and Navient inappropriately charged a 5% late fee when certain borrowers missed a payment.

2016

Current total assets of Navient are worth $146.4 billion with 12 million customers.

Loan Forgiveness

In cases of for-profit school closures: You may qualify for one of the private student loan forgiveness programs.

If you went to a for-profit collegeĀ and took out a Navient private loan, you may qualify to have your loan invalidated.

See If You Qualify

Fill out the form below or give us a call at

(888) 408-5491

Verify Eligibility