Thousands in Pennsylvania will have student loans forgiven under new Navient settlement

Philadelphia (WPVI) – The pursuit of higher education often ends in high debt. “We are told over and over again throughout our lives that higher education is what we need to do. It is the gateway out of poverty,” said Keri Smith, an attorney at Community Legal Services. The Philadelphia-based nonprofit provides free help to … Read more

Student-Loan Processor Navient to Cancel $1.7 Billion of Debts

A former unit of student loan giant Sallie Mae said it would cancel $1.7 billion in private student debt for 66,000 borrowers to settle claims it engaged in deceptive lending practices. Navient corp. Navi 0.37% He agreed to the amount in a settlement with 40 state attorneys general. The loans are private loans, so losses … Read more