economy
February 26, 2026
Some student loan borrowers are getting Navient settlement checks
Student loan borrowers who were steered into a forbearance by Navient may soon get a check, due to a settlement with the Consumer Financial Protection Bureau.
TL;DR
- Student loan borrowers who were placed in forbearance by Navient between 2017 and earlier may receive checks from a $120 million settlement.
- The Consumer Financial Protection Bureau (CFPB) alleged Navient steered borrowers into costly forbearances, causing significant interest accrual.
- Qualifying borrowers will receive compensation, with typical payments estimated to be several hundred dollars, though some reports indicate up to $2,000.
- Navient, once the largest student loan servicer, is now banned from handling federal education loans as part of the settlement.
- Borrowers who believe they qualify should contact Rust Consulting for information about the settlement payments.
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