Consumer complaint received 2024-05-10
Product: Student loan — Private student loan
Issue: Dealing with your lender or servicer — Don't agree with the fees charged
Company: Navient Solutions, LLC. (FL)

XXXX of students were scammed by Navient into taking out predatory private loans to attend for profit schools such as the one I attended, XXXX XXXX XXXX  XXXX XXXX XXXX XXXX ( XXXX XXXX  ). As a matter of fact, the XXXX XXXX was investigated by The U.S. Department of Education. The U.S. Department of Education found that The XXXX XXXX and its parent company, XXXX XXXX XXXX, made pervasive and substantial misrepresentations to prospective students about post-graduation employment rates, salaries, and career services during that time. Why should I and so many others have to pay fraudulent student loans for a school that no longer exists, scammed and took advantage of XXXX of individuals when the Biden-Harris administration wiped federal loans for the crimes that were committed? 

Because of the numerous claims of fraud and misconduct perpetrated by these for profit schools, such as XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  ), I was able to file a XXXX XXXX claim with the Dept. of Education against XXXX XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX ) XXXX years ago and it was sitting in pending review status. Luckily, the Biden Harris Administration have provided relief to XXXX students who were defrauded by the XXXX XXXX and my Fed. loans of approx. {$92000.00} are going to be discharged. 

My XXXX XXXX XXXX was also part of the XXXX XXXX XXXXXXXX settlement for which I was a post-class member. 

I am aware that Navient was sued by XXXX state AGs regarding their predatory loans to attend these for-profit schools and that Sallie Mae/Navient were a " preferred '' lending company in a " deal '' with these schools during the early XXXX 's. These private loans with a high risk of default were part of a package deal offered to " for profit online schools ''. But loans made to students in states outside of the agreement, or those who were not in default for 7 months or more during a " specific '' time frame, were excluded. I am sure this was a big win for Navient, but what a sham of a settlement deal for the rest of borrowers scammed into taking loans to at least XXXX for profit online schools. After the AG settlement, didn't Navient also get out of the Federal student loan business due to scrutiny from lawmakers and borrower advocates? Didn't Navient have to pay restitution to the Federal student loan borrowers for not informing students of XXXX XXXX students could have enrolled in, but instead steered toward forbearance? Furthermore, hasn't Navient been sued at least a half dozen times for other predatory loan practices and illegal collection practices? 

I am also aware of a " pilot '' program by which Navient is sending out " applications '' to select students who may have filed XXXX XXXX claims against their schools and were approved. This application is a sham. Why do we need to prove anything? Navient knows who we are. Under the FTC " Holder Rule '' Navient is liable for giving predatory loans in connection with for-profit schools. Time is running out for Navient to do right by students who were scammed into taking out private loans to attend for profit colleges who have committed misconduct and misrepresented themselves to the public to entice students to enroll. XXXX XXXX XXXX has sent a letter to Navient 's CEO asking to discharge these loans NOW! It's time Navient do the right thing and discharge all these predatory private loans made to attend for profit schools NOW! 

I am currently sitting at {$41000.00} in student loans as of XX/XX/XXXX. Loans taken out in XXXX and XXXX were consolidated to have exorbitant interest rates. How do you ever expect me to pay this back? I am dropping approx {$550.00} a month for these loans to only pay interest. END THIS SUFFERING FOR ME AND SO MANY OTHERS. 

XXXX XXXX XXXX XXXX XXXX XXXX