May 19, 2020

Navient Faces Suit Alleging Distressed Student Borrowers Misled

Navient Faces Suit Alleging Distressed Student Borrowers Misled


Navient Corp. must face a proposed class suit alleging it falsely said it would help distressed student loan borrowers find repayment plans that met their needs, but then steered them into forbearance to boost its profits, a federal court in New York said.

Marie Travis sufficiently stated claims against Navient and Navient Solutions Inc. under New York consumer protection law, the U.S. District Court for the Eastern District of New York said Monday.

And it would be premature to strike her class claims on behalf of New York borrowers, it said.

Travis took out student loans in 2005 and 2006,…

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