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Navient agreed to a $28 million settlement to resolve claims that it forced consumers to repay student loans that should have been discharged through bankruptcy.Â
The settlement benefits individuals who were obligated to repay one or more Navient private student loans as a borrower or co-borrower, filed for bankruptcy in a United States Bankruptcy Court outside of Texas, Louisiana or Mississippi after Oct. 17, 2005, and obtained a discharge order.
Plaintiffs in the class action lawsuit claim that Navient student loans should have been included in bankruptcy discharge orders. Navient allegedly failed to comply with bankruptcy laws and continued to collect on student loans after borrowers and co-borrowers declared bankruptcy.Â
Navient is a student loan servicer that accepts payments for student loans and, when loans are unpaid, may send borrowers to collections. The company agreed to a separate, similar settlement earlier this month.
Navient hasn’t admitted any wrongdoing but agreed to a $28 million settlement to resolve the student loan bankruptcy class action lawsuit.Â
Under the terms of the settlement, class members could receive a cash payment to compensate them for damages related to the repayment of their student loans. Exact payments will vary depending on the type of damages experienced and other factors.
As part of the settlement, Navient also agreed to forgo the collection of covered student loans class members owe. The loan servicer will also take steps to delete related tradelines from credit reports.
The deadline for exclusion and objection is Nov. 8, 2023.
The final approval hearing for the settlement is scheduled for Dec. 8, 2023.
In order to receive a settlement payment, class members must submit a valid claim form by Nov. 13, 2023.
Who’s Eligible
Individuals who were obligated to repay one or more Navient private student loans as a borrower or co-borrower, filed for bankruptcy in a United States Bankruptcy Court outside of Texas, Louisiana or Mississippi after Oct. 17, 2005, and obtained a discharge order
Potential Award
Varies
Proof of Purchase
Documentation of damages related to student loan bankruptcies.
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
11/13/2023
Case Name
Woodard v. Navient Solutions LLC, et al., Case No. 21-08023-TLS, in the U.S. Bankruptcy Court for the District of Nebraska
Final Hearing
12/08/2023
Settlement Website
Claims Administrator
Woodard v Navient Solutions
c/o JND Legal Administration
PO Box 91357
Seattle, WA 98111
info@WoodardVNavient.com
866-848-0791
Class Counsel
Jason W Burge
FISHMAN HAYGOOD LLP
Lynn E Swanson
JONES SWANSON HUDDELL LLC
Adam R Shaw
George F Carpinello
BOIES SCHILLER & FLEXNER LLP
Defense Counsel
Thomas M Farrell
MCGUIREWOODS LLP
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14 thoughts onNavient bankruptcy $28M class action settlement
Is there a separate investigation/COA into the transfer of the initial loans to other entities? Thinking along the lines of the whole mortgage foreclosure debacle where loan servers continued to transfer ownership of the loans and then may or may not have said originating documents. Alternatively, is there an investigation into the transfer of our loans and what appears to be renegotiated IBR plans without the consent or request of the borrower?
my husband went through this exact thing when we went through our bankruptcy! They took payments the whole time and had us owing 2xs the amount when we came out then we went in even though we had to pay the whole time on these!