Navient in US settlement to cancel $1.7B in student loans

Student loan giant Navient will cancel balances on some 66,000 borrowers as part of a $1.85 billion settlement with 40 US states over allegations of predatory lending practices. State prosecutors said the agreement corrects past ills in which the lending company allegedly steered borrowers into excessively costly repayment options. Navient said the claims of such […]