Navient reaches $1.85 bln settlement into student lending practices Navient Corp , one of the largest U.S. student loan companies, has reached a $1.85 billion settlement with most U.S. states to resolve accusations it steered borrowers into predatory loans and costly repayment packages. Navient settlement: Indebted student borrowers to benefit | AP NewsHARRISBURG, Pa. (AP) — Tens of thousands of people who took out student loans over the past 20 years could see their loans canceled or receive a small check as part of a nationwide settlement with Navient, a major student loan collecting company. Navient settles predatory student loan claims for $1.85B | AP NewsNavient, a large student loan servicer, has settled allegations of predatory lending practices for $1.85 billion, Pennsylvania's attorney general announced Thursday. The settlement includes $1.7 billion in debt cancellation and $95 million in restitution, Student loan company Navient agrees to $1.86B settlementA group of 39 states pursued claims the large student loan servicer engaged in abusive and deceptive practices. Navient reaches a $1.85 billion deal to settle claims of predatory lending.The student loan servicer agreed to cancel $1.7 billion in private student loan debts for nearly 66,000 borrowers and to pay $95 million in restitution. Navient to cancel 70K student loans, pay $1.85 billion in settlementAn agreement between a coalition of state attorney generals and Navient, one of the largest student loan companies in the U.S., resulted in a settlement that will forgive loans for 66,000 borrowers. Student loan giant paying $1.85B to settle claims of predatory practicesThe deal requires Navient to cancel $1.7 billion in private student loan debts for nearly 66,000 borrowers. Student loan servicer Navient to cancel $1.7bn in debts following investigationOne of the largest student loan processors in the US will cancel balances for 66,000 borrowers following a multi-state agreement with a bipartisan coalition of 39 attorneys general stemming from a series of lawsuits.