The Education Department says millions of borrowers in default will have a chance to make a payment or sign up for a repayment plan. But on May 5, those who don’t will be referred for collection.
student loan debt
Posted inNPR
Navient reaches $120 million settlement for misleading student loan borrowers
According to the Consumer Financial Protection Bureau, $100 million will be used to make payments to impacted borrowers in a settlement with the former servicer of student loans.
