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A group of former students who took out loans serviced by student loan servicer Navient has been given the green light to proceed with its class action lawsuit against the student loans servicer, which alleges sneaky business practices and self-dealing.
U.S. District Judge Susan D. Wigenton ruled in New Jersey federal court that the Navient class action lawsuit brought by the nine borrowers could proceed to discovery, but dismissed one claim of breach of fiduciary duty, Law360 reports.
The borrowers, who are now attorneys, doctors, and other professionals with advanced degrees, have filed fraud claims and claims under New Jersey, Delaware, Florida, and New York consumer and business laws.
According to their class action lawsuit, Navient’s monthly bills fluctuate arbitrarily. The borrowers allege that the company conceals repayment terms, includes billing statements that don’t reveal the actual sums included in the bill, and is “calculated, non-responsive and misleading” when answering questions about loans.
The borrowers also allege that the company has “labyrinth-like” websites with inaccurate information.
In December 2020, Navient attempted to have the class action lawsuit tossed out, and in its most recent dismissal brief, it said that “plaintiffs must allege that the conduct underlying the claims somehow is unlawful, which they have not done, and cannot do,” Law360 reports.
However, the borrowers responded that Navient was being “crafty,” adding that “Navient cannot credibly claim that the extremely detailed complaint does not allege actionable claims for, among other things, fraud and consumer fraud.”
In March, Navient was hit with a separate class action lawsuit filed by investors who alleged that the company misled them about an alleged conspiracy to push borrowers into pricey forbearance plans.
Navient hiked its stock price with deceptive information about how it treated borrowers — allegedly putting them in more expensive forbearance programs, rather than cost-effective income-based repayment plans. Then, according to the class action lawsuit, the company lied about it.
Have you ever had your money managed by Navient? Tell us what your experience with the company was like in the comments section!
Navient is represented by Rebecca G. Zisek and Lisa M. Simonetti of Greenberg Traurig LLP.
The borrowers are represented by Xavier M. Bailliard, James Van Splinter and Joseph Tripodi of Kranjac Tripodi & Partners LLP.
The Navient Student Loan Fraud Class Action Lawsuit is Manetta et al. v. Navient Corp. et al., Case No. 2:20-cv-07712, in the U.S. District Court for the District of New Jersey.
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1,056 thoughts onNavient Must Face Student Loans Borrowers in Class Action Lawsuit, Judge Rules
I’ve been paying since 2009 and have not seen any results. The interest alone is more than enough to keep my loans going til I die. They have harassed me with calls and harassed all my co-signers. They’ve made threats and have even dropped our credit score 200 points. I’m paying on a college loan that is no good at all. 290 credits that cannot be transferred to another school to continue my education. My college happened to be for profit and was shut down, but somehow I still owe over $100,000 for a fake degree that I can’t use anywhere. Not to mention the lack of up to date training I received that never even allowed myself to get a foot in a door for my degree. I am pretty fed up with Navient.
There’s is an obvious need for a class action for the fiduciary harm navient placed on borrowers! My private loans from 2007 have incorrect account history’s with large sums of payments made that I did not make paying towards capitalized interest and then removed. The balances of every loan ballooned immediately at disbursement and from there the loan amounts with incorrect payment allocations, late fees when payments were being made, etc took off. These crooks need to pay!
Please include me in the class action suite against Naviet I will never live long enough to pay the payments they want
Please include me in this class action lawsuit. I borrowed approximately 30,000 and owe over 100,000. They always directed me to a forbearance when I would call to ask about loan repayment plans that I could afford.
Need to know where to sign up for navient lawsuit
I have over 70,000 been consolidated and doubled though I paid 580 a month for years. I need added. Somebody looks at my student loans they go whoa! I had navient and they don’t even collect for me I think they’re trying to stay under the radar so my loan don’t get looked at it’s seriously corrupted and actions taken without my knowing for years and I would I was always locked out of accessing my information
I need my student loan erased please my loan been in forgiveness for years please help me
is it too late to be added to this for me
Please add me to the list.
Add me
I would like more information.
I have had these loans since the 1990’s. They will not work with me, said because we have plus loans most programs don’t qualify. Payments jumped from $200.00 to now $2300.00 per month. My husband and I are 71 and 66. Even said we don’t qualify for the Covid-19 relief. I retired from a nonprofit and taught for a nonprofit and still don’t qualify because I retired last June. But, I tried while working and they said I didn’t qualify because I would have to continue to work for 10 more years. I worked a total of 13 years and wouldn’t qualify. We are paying 8% interest!!! Terrible people to work with!!
Please add jill Moore to the list. I have a loan since 2000 and in forbearance for years. I don’t think I will ever pay it off and I never never get any thing going from them. Please