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.
Rick Good spent ten years in the newspaper business, including with The News & Observer (Raleigh, NC) and The Greenville News (Greenville, SC). He co-wrote, with Melinda Coleman, Rutledge to Riley: Governors of South Carolina, 1776–Present (Published by The Greenville News), and is the author of Mind Games Trivia #1 (Amazon). He has recently spent 15 years creating original trivia content through Sounds Good Mobile Entertainment and continues that with his new company, SGME Software. He edits The Smart Reader’s money, real estate, and business coverage.