Navient has reached a $1.85 billion dollar settlement with 39 states that would forgive some student loans- But how do you know if you loans are included?
Only certain loans through Navient qualify for forgiveness, and there is a long list of criteria, according to The Citizen.
Here are some of the requirements:
The student loan must have been dispersed between 2002 and 2014.
The loan must have been behind on payments for at least seven months prior to June 31, 2021.
In addition, borrowers must have attended certain for-profit educational institutions.
The settlement included $95 million in restitution for 350,000 federal loan borrowers, meaning each qualifying borrower would receive about $260 when the money is divvied up by state.
If you qualify for payment, you will be contacted via Navient or your state’s Department of Education. It’s important to make sure your contact information in your Navient profile and Studentaid.gov are up-to-date to receive notice.
You can find more information on whether you qualify here.
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