Class-action settlement: Navient student loan servicer users have five days to file claim for $16 million settlement

Student loan borrowers who used Navient, a private student loan servicer, have five days to file a claim to receive part of a $16 million class-action settlement.

Navient agreed to settle class-action lawsuits from borrowers after the company illegally collected money from students after it went bankrupt. In July, the student loan provider agreed to a $198 million settlement.

BURCHETT DOUBLES DOWN ON MCCARTHY ASSAULT CLAIM: ‘SPIRALING OUT OF CONTROL’

The provider denied any wrongdoing when it agreed to $182 million in debt relief for affected borrowers, along with $16 million in cash for a settlement class of 4,607 borrowers.

Borrowers included in the $16 million settlement have until Nov. 20 to take part.

Those who are eligible for the settlement include student borrowers or co-borrowers who filed for bankruptcy protection on or after Oct. 17, 2005, were obligated to repay their loans, received a court-approved discharge order, and never reaffirmed their loans.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

The settlement will pay 20% to 100% of the damages suffered, including student loan payments made after Navient’s bankruptcy. A claim must be filed by Nov. 20 and can be completed by clicking here.

The final hearing is scheduled for Dec. 13 at the District Court for the Eastern District of New York.