Students who have private loans serviced by Navient, and who were also defrauded or misled by their colleges, may be able to get their loans discharged.
Forgiveness of federal student loans has always been possible when students are defrauded, but this isn't usually the case with private loans.
Navient's school misconduct discharge program is evidently a new initiative for the company. Previously the largest servicer of student loans, Navient has now drastically reduced its student loan portfolio.
To get a discharge, borrowers must have their loans serviced through Navient and be able to prove that their college defrauded them — reportedly an arduous task.
