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Navient Student Loan Forgiveness

The court has given student loan borrows a win with a $1.85 Billion settlement. No matter your race, culture, so socioeconomic background. If Navient serviced your student loans, your student loans might be wiped out or decreased. On top of that, you may even receive a settlement on top of your Navient student loan forgiveness. 



Yesterday Navient Loan Services made a $1.85 billion settlement with the courts. They were sued because of allegations of deceptive lending practices. As a result, Navient will must forgive $1.7 billion in private student loan balances and distribute restitution payments to 350,000 affected federal student loan borrowers.


If you’re a private borrower eligible for relief, you don’t need to do anything. Navient will notify you by July 2022 if your loans will be forgiven. The company will also refund any payments made on canceled loans after June 30, 2021.

One thing you can do is ensure your address and contact information are updated on your account.

By the spring you should receive a postcard if you are eligible.


Navient Student Loan Forgiveness – Do you qualify?

If you live in one of these states:

Arizona, California, Colorado, Connecticut, Washing, DC, Delaware, Florida, Georgia, Hawaii, Iowa, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Minnesota, Missouri, North Carolina, Nebraska, New Jersey, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Tennessee, Virginia, Washington, or Wisconsin.

And meet these terms:

  • Lived in a participating state since January 2017.
  • Entered repayment on a direct-loan program before January 2015.
  • Had at least one federal loan eligible for income-driven repayment.
  • Had at least two consecutive years of loan forbearance between October 2009 and January 2017.
  • Didn’t enroll in income-driven repayment before forbearance.

If you meet these criteria, you likely qualify for restitution payments. You will not need to take any action to receive this relief. In spring, if you are eligible, you will receive a postcard to the address on file with the Education Department.

Do I qualify for private-student-loan cancellation?

If you live in one of the states included in the settlement, plus:

  • Arkansas, Kansas, Michigan, Rhode Island, South Carolina, Vermont, West Virginia, or a military address postal code.

And you meet one of these terms:

  • Took out a private subprime student loan — loans for borrowers with low credit scores — through Sallie Mae (Navient’s predecessor) between 2002 and 2014 and had more than seven consecutive months of late payments before June 30.
  • Or received a loan to attend a for-profit school on this list.

If you meet these terms, you likely qualify for loan forgiveness. As with the restitution payments, you will not need to take any action to receive relief. Navient will notify eligible private loan borrowers of their forgiveness in writing by July.

To learn more about the settlement visit

Ruby Taylor

Author Ruby Taylor

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