April 16, 2018

Good News Could be on the Horizon for Those Struggling With Student Loans

NavientNavient, a student loan giant, may be adjusting their policy in to offer some relief to those struggling to pay off student loans. A judge in Texas recently denied their request to dismiss a class action lawsuit accusing the company of illegally collecting on loans discharged in bankruptcy.

In an email, a spokesperson for Navient said the company would support a new policy “that would allow federal and private student loans to be dischargeable in bankruptcy for those who have made a good-faith effort to repay their student loans over a five-to-seven year period and who still experience financial difficulty.”

Click here to read the full story on Market Watch.

Posted In: Bankruptcy