In a major shakeup, one of the nation’s largest student loan servicing companies announced that it would be transferring its portfolio of accounts to another servicer. The move could impact millions ...

The government’s top consumer watchdog is banning Navient from federal student loan servicing and ordering the company to pay $120 million for alleged lending failures. The settlement announced ...

Navient is barred from federal student loan servicing and has to pay $120 million in fines and compensation to the borrowers harmed by its practices, according to a proposed settlement with the ...

Millions of borrowers will see their student loan portfolios transferred to another company as one of the nation’s largest servicers announced its plans to leave the industry. Navient announced this ...

The Department of Education issues Federal loans to students, but it doesn’t work with borrowers directly. Instead, it hires outside loan servicers to shoulder the administrative burden of educational ...

(Gray News) - Embattled loan servicer Navient has been banned from servicing federal student loans and must pay out millions of dollars as part of a new settlement. The agreement settles a lawsuit ...