Consumer complaint received 2024-05-10 00:00:00
Product: Student loan — Private student loan
Issue: Dealing with your lender or servicer — Received bad information about your loan
Company: Navient Solutions, LLC.
State: OH

Complaint narrative:
Hello- XXXX of students were scammed by Navient into taking out predatory private loans to attend for profit online schools such as XXXX XXXX XXXX XXXX The XXXX XXXX XXXX XXXX. As a matter of fact, The XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  ) were investigated by the Federal Department of Education. 
Because of the numerous claims of fraud and misconduct perpetrated by these online for profit schools, such as The XXXX XXXX XXXX XXXX, I was able to file a XXXX XXXX claim with the Dept. of Education against The XXXX XXXX XXXX XXXX, and my Federal loans of {$34000.00} were discharged and my credit repaired. 
My XXXX XXXX XXXX was also part of the XXXX XXXX XXXXXXXX settlement for which I was a full class member. 

I am aware that Navient was sued by XXXX state AGs regarding their predatory loans to attend these online for-profit schools and that Sallie Mae/Navient were a " preferred '' lending company in a " deal '' with these schools during the early 2000 '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 XXXX 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 IDR/IBR payments 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 online for-profit schools. Time is running out for Navient to do right by students who were scammed into taking out private loans to attend online " 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 online " for profit '' schools NOW! 

Thank you! 

XXXX XXXX XXXX XXXX : Loan Number : XXXX Loan Type : PRIVATE Current Owner : NAVIENT PRIVATE LOAN TRUST Current Payoff : {$34000.00} REFERNCES : XXXX XXXX XXXX XXXX XXXX

Company response to consumer: Closed with explanation