Idaho Reaches a $4 Million Settlement With Navient
Attorney General Lawrence Wasden announced on Friday a settlement with Navient, one of the nation’s largest student loan servicers, that will provide $3,972,316 in student loan debt relief to eligible Idaho borrowers. The settlement was filed on Friday with the Ada County District Court and is now pending court approval.
“More than 170 Idaho borrowers will receive debt relief as a result of this settlement,” Wasden said. “Additionally, the settlement corrects Navient’s past actions and includes safeguards to help ensure the company does not take advantage of student loan borrowers in the future. I credit Navient for being willing to amicably resolve this matter for Idaho borrowers.”
Borrowers receiving private loan debt relief under the settlement will receive written notice from Navient in the coming months and do not need to take any action to receive the benefit.
