How do I know if I am eligible for the Navient settlement?
How you can find your eligibility for the Navient settlement. They will send Postcards to those whose loans will be cancelled by the Navient settlement on April 22. Notification should be received by the first week in May if your debts are cancelled. You can still check your eligibility by checking with your student loan servicer.
Will Navient Send Me a check in 2022?
By July 2022, Navient will send you a letter like the one below, showing which of your loans will be canceled. Likewise, eligible federal student loan borrowers need not apply to have Navient mail them a check. Later this spring, Navient will send the checks automatically.
Are federal student loans forgiven in the Navient settlement?
Although your federal loans won’t be forgiven as part of the Navient student loan settlement, you may receive a restitution payment of $260 if your loans were placed into forbearances for long periods of time instead of being placed into an income-driven repayment plan.
When will I be notified if my Navient loan is cancelled?
They will send Postcards to those whose loans will be cancelled by the Navient settlement on April 22. Notification should be received by the first week in May if your debts are cancelled. You can still check your eligibility by checking with your student loan servicer. Your eligibility for relief depends on the company that holds your loan.
How do I know if I qualify for the Navient settlement?
You'll have to wait until July 2022 to know if you qualify for the Navient settlement. That's when the company will notify its borrowers whose debts will be forgiven.
What is the Navient student loan settlement?
The Navient student loan settlement is an agreement between Navient and attorneys general for 39 states and the District of Columbia to resolve lawsuits that accused Navient of:
