Settlement for Navient?

CFPB Organization Shuffle Could Mean Sweetheart Deal For Navient

Michael Lux Blog, News, Student Loans 0 Comments

In January of 2017, the Consumer Financial Protection Bureau aggressively went after federal student loan servicer Navient.  “At every stage of repayment, Navient chose to shortcut and deceive consumers to save on operating costs. Too many borrowers paid more for their loans because Navient illegally cheated them and today’s action seeks …

student loan refinance average borrower data

Average Borrower Income, Credit Score & Loan Balance When Refinancing

Michael Lux Blog, News, Refinance, Student Loans 0 Comments

The financial records provided by student loan refinance companies to investors contain some very interesting information. Many student loan refinance lenders elect to make loans available to outside investors.  From the perspective of the borrower, the loan terms and servicing do not change, but the profits and the risk of …