This case has been brought as a class action for three main reasons: However, if the court rules against the class, any claimants who have chosen to stop repayment may be responsible for repaying late fees and interest payments that have accrued during the case. If we ultimately prevail in this case, then claimants may not be responsible for repaying their affected private student debt, and some claimants may also be entitled to a refund of all or some of the money they have repaid Navient since their bankruptcy filing. Mechanic School Loans Does this mean that I don’t have to repay my loan to Navient?Īt this point, we cannot answer that question.These loans include career training loans and loans made to students for some post-graduate programs such as: Private loans that were not made for “qualified educational expenses,” meaning that the funds were not used for a traditional four-year college.If you’d like to search for a specific school, or verify whether a school is Title IV, you can do that here.Private educational loans made to students attending non-Title IV accredited schools.What are “non-qualified education loans”? You can read more about the lawsuit’s allegations in the Second Amended Complaint here. It is important to recognize that this lawsuit does not relate to all student loans, and it does not even apply to all loans that are owed to or serviced by Navient. Navient Solutions, LLC et al.) has been brought against Navient Solutions, LLC and Navient Credit Finance Corporation, and therefore it applies only to loans serviced by those two entities. This lawsuit further alleges that debtors who have already repaid debts to Navient which should have been discharged in their bankruptcies may be entitled to a refund of all or some of the money they have repaid Navient since their bankruptcy discharges.Īlthough the allegations in this case could theoretically cover any loan provider or loan servicing company, this specific case ( Evan Brian Crocker et al. This lawsuit alleges that debtors with non-qualified education loans who have declared bankruptcy since October 2005 are not responsible to repay those loans to Navient. See below for a definition of non-qualified education loans. This lawsuit alleges that, under the law, private non-qualified education loans made or serviced by Navient should have been “discharged,” or cancelled, in bankruptcy proceedings taking place since October 2005. This lawsuit is against Navient Solutions, LLC (formerly Navient Solutions, Inc.) and Navient Credit Finance Corporation only (together referred to as “Navient”), but may include private educational loans that originated with Sallie Mae or SLM Corporation, the parent of Sallie Mae. Navient Solutions, LLC and Navient Credit Finance Corporation.
Navient Solutions, LLC and Navient Credit Finance CorporationĪn earlier version of this suit was filed as Evan Brian Haas, Michael Shahbazi, et al. v. It also includes information about what will happen as this case goes forward, and how and when potential claimants can join the class.
This list includes information that can help student-loan debtors determine whether they may be potential clients in this case. The following is a list of frequently asked questions-and answers-about the nationwide putative class action suit that Jones Swanson and co-counsel have filed against Navient.
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