Navient Banned from federal student loan servicing, will pay borrowers $100 Million in compensation

why are millions of student loan borrowers getting a payout it's all about Navien $120 million settlement the Consumer Financial Protection Bureau has cracked down on navient for steering borrowers into costly repayment plans and mismanaging payments after an 8-year legal battle navian is banned from servicing federal student loans they've been slapped with $120 million in fines and compensation $100 million will go directly to affected borrowers so keep an eye out for those checks remember this is a legit settlement but be wary of scams this is a massive win for borrowers everywhere stay informed and check your mailbox