I created this Guide to help you figure out what the Navient Lawsuits are all about and to determine whether or not you’ll be able to use them to help eliminate your ITT Tech Loan Forgiveness Navient.
However, since the Lawsuits could drag on in courts for years to come, I’m also going to introduce you to a faster, surer path for getting rid of your loans that you can start on now, using one of the many excellent Federal Student Loan Forgiveness Programs currently on offer.
No matter what your student loan situation may be, there’s a pretty good chance that you can find a path to getting rid of your loans without paying for them via a Borrower’s Defense to Repayment Discharge, the Public Service Loan Forgiveness Program, the Non-Profit Student ITT Tech Loan Forgiveness Navient Program or a Government Employee Student Loan Discharge.
With that said, let’s start by looking at what the ITT Tech Loan Forgiveness Navient lawsuits are all about, then go through your potential options via Federal loan forgiveness benefits.
How Could the Navient Lawsuits Lead to Loan Forgiveness?
In 2019, Navient, the country’s largest student loan servicing company, is facing several massive lawsuits brought against them by the Consumer Financial Protection Bureau and the Attorney Generals of Illinois, Washington and Pennsylvania.
In these lawsuits, ITT Tech Loan Forgiveness Navient has been accused of grossly mishandling their Federal student loan servicing and processing duties by doing some wildly illegal things, including:
- Mishandling payments by applying them against borrowers’ best interests (like using them to pay down interest, rather than principal balances of loans)
- Suggesting that struggling borrowers use forebearances to pause monthly payments (which racks up tons of additional debt) instead of better options, like getting on an Income-Driven Repayment Plan
- Intentionally making it difficult for borrowers to understand, apply for and receive an approval for a co-signer release
- Purposefully obscuring the process for re-enrolling and completing annual certifications to remain on Income-Driven Federal Student Loan Repayment Plans
And these are serious charges because they basically amount to fraud, threatening Navient’s continued contract for handling Federal Student Loans.
But what’s most important here is that the Consumer Financial Protection Bureau has asked the Federal Courts to force Navient to offer compensation to borrowers who were affected by their shady business practices, which means that you could end up getting some money if the Courts rule against ITT Tech Loan Forgiveness Navient.
I am almost certain that ALL Navient borrowers will see at least some form of loan forgiveness or refund benefit issued this year, so make sure to bookmark this page and check back regularly, because I’ll update it whenever news is announced.
With that said, let’s go through the history of the student loan crisis and explain how the Navient lawsuits came about and how you may be able to use them to help eliminate your loans without paying another penny!
To help you quickly navigate to the information you need, here’s an outline of the topics that this Guide covers:
Let me first clue you in on the dirty little secret that ITT Tech Loan Forgiveness Navient doesn’t want you to know: the fastest, easiest way to get rid of your debt is to pay an expert to review your situation and come up with a plan on your behalf.
Why would I advise paying someone to help when you’ve read not to do that? Because I’ve been watching this space for 10+ years, and most of the people I know who have successfully discharged their loans paid an expert to help guide them through the process.
But there’s only one company I trust to help my readers: the Student Loan Relief Helpline. The Helpline is staffed by actual debt experts who can review your case and tell you exactly what to do, whether that’s to consolidate, refinance, or pursue some sort of discharge or forgiveness benefit.
The Helpline only charges a few hundred dollars for their advice and they could save you up to tens of thousands of dollars over the lifespan of your loan, so they’re definitely worth the cost.