Navient sinks 9.5% after audit suggests company deceived borrowers into higher-cost plans: AP

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Shares of Navient sank more than 9 percent Tuesday after a report said that a government audit points to deceptive practices at the company that may have resulted in borrowers opting into higher-cost plans.

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Very ironic that I was practically forced into a forbearance this afternoon by Navient since I didn’t “qualify” for any assistance programs on a loan I’ve been paying back since 2007. Looks like I’ll be 75 or dead by time this loan is paid. Making 131,000 bucks of a 44,000 loan.

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Student loan company Navient used deceptive practices, Dept. of Education audit suggestsNavient, one of the nation’s largest student loan companies, may have driven borrowers struggling with their debts into higher-cost repayment plans. No shit. Funny. The IRS hired private debt-collection companies to chase down overdue payments. One of the four companies that was hired was Pioneer Credit Recovery, a subsidiary of Navient. how come nobody is mentioning the bug ELEPHANT in the room, NELNET? CHICKENSHIT?
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