Ferguson’s point is that Navient didn’t disclose to student loan borrowers that failing to make a payment every month — even if you paid student loans in advance — would disqualify you from meeting the requirement to make consecutive payments and you would have to start over before you could be eligible for a cosigner release. Navient, which spun off from Sallie Mae, has since changed this policy and now counts a lump-sum student loan payment as sufficient for multiple student loan payments.
The lawsuit against Navient, which dates to 2017, isn’t over. Ferguson also alleges that Navient engaged in deceptive practices in servicing and collecting student loans as well originating risky subprime student loans to borrowers who attended for-profit colleges.
“We believe our disclosure was clear and fairly applied under Washington state law,” Paul Hartwick, a Navient spokesman,. “Navient’s focus has been, and continues to be, assisting student loan borrowers to successfully repay their loans.”Washington State’s lawsuit against Navient is scheduled for trial in April 2022. While this order grants partial summary judgment, there are no monetary judgments at this juncture.
Good the student loan borrowers don't have to pay back the rest of their loans........right!!!
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