Student loan company Navient used deceptive practices, Dept. of Education audit suggests

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The audit suggests Navient steered tens of thousands of borrowers into high-cost plans.

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This is exactly what happed to me! Wish I could join the lawsuit! Evil company! Shameful industry!

how come nobody is mentioning the bug ELEPHANT in the room, NELNET? CHICKENSHIT?

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.

No shit.

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Navient sinks 9.5% after audit suggests company deceived borrowers into higher-cost plans: APShares 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. 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.
Source: CNBC - 🏆 12. / 72 Read more »