Millions of Americans could potentially get their student debt canceled after Massachusetts Senator Elizabeth Warren called on Navient to cancel 'decades-old predatory private student loans' under a Federal Trade Commission protection law.Navient said this year it would move its private and commercial loans in the Federal Family Education loan program to MOHELA, a major federal student loan servicer. That means 2.
Navient currently allows borrowers to apply for relief if they attended one of the for-profit schools, but the Democrats who wrote the letter urged the company to automate the relief process.'Navient should stop making borrowers apply for relief and instead automatically cancel student debt using information the company already has about whether borrowers attended schools that would entitle them to relief,' they said.