• Student Loan Giant Navient Sued by California Attorney General for Allegedly Cheating Borrowers

    18 days ago - By Fortune

    Navient, the Delaware-based student loan management corporation formerly known as Sallie Mae, is being sued by California's Attorney General Xavier Becerra. In a suit filed Thursday, Becerra accused Navient, the nation's largest student loan servicer, of cheating thousands of borrowers and forcing them to repay more than they owed.
    Becerra's suit alleges that borrowers were steered toward repayment plans that exceeded their income levels, and that in some cases, Navient misrepresented how much borrowers owed. When forced to pay more than they owed, many borrowers then defaulted on their...
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