Senator Van Hollen is among the nation’s best sounds getting student loan consumers, carrying businesses responsible for predatory practices you to definitely harm and you can trap individuals in years out-of loans and you may top the call getting affordable higher knowledge
You.S. Senators Chris Van Hollen (D-Md.), Elizabeth Warren (D-Size.), and you will Richard Blumenthal (D-Conn.) sent a letter to help you Assistant off Degree Miguel Cardona urging your to add extra relief to have student loan consumers impacted by Navient’s decades-enough time listing out-of inaccurate and you will abusive techniques. As historical $step one.85 million multi-state payment facing Navient brings vital and you may a lot of time delinquent recovery for borrowers duped by business, of a lot borrowers will always be ineligible for education loan recovery according to the payment conditions, while some might not receive appropriate compensation towards harms it suffered under Navient. The fresh senators called towards the You.S. Department from Training (ED) to take extra action so you can redress all of Navient’s sufferers, and by building a road for the financing forgiveness toward many cheated by Navient owing to performing a living-determined repayment waiver just as the one the brand new agencies has just made open to correct brand new damaged Public service Mortgage Forgiveness system.
