Navient to Forgive $1.7 Billion in Student Debt: Here’s Why | WSJ

Navient’s recent $1.7 billion settlement will erase student debt for about 66,000 borrowers. WSJ’s Josh Mitchell breaks down the settlement and explains which borrowers will receive debt relief. Photo: Storyblocks

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#Navient #StudentLoans #WSJ

[Builtbyreyna]

Just had $74K of my student loans forgiven overnight after doing my 4 years in the military. Indescribable feeling 😎

[ike]

We can apparently afford to spend Ukraine 13 billion but can't afford to wipe out Americans student loan debt. We were conditioned and told to over and over to go to college after high school to live a better life. What a joke 🤡🤡🤡🤡

[matthewkopp]

I suggest three options:
1) cancel ALL student debt
2) cancel all interest upon volunteer reconsolidation. So the whole loan starts over with out the accrued interest.
3) Restore bankruptcy rights and consumer protections.

The entire loan system was predatory and corrupt.

[issme]

Navient is a monster. The people making the rules are dirty.

[willp]

I want to see Navient held accountable for their business practices

[avuee]

It’s not forgiving they are simply paying their fine for scamming students. What a deceptive title

[blackonyxcreations]

I hate when people say public servant. Everyone is a public servant. You pay taxes on things you already own and worked most of your life to achieve. Example, you buy your house and pay off your mortgage. Every year you have to pay taxes on your 🏡. (Why) The minute you don’t pay taxes on your home, your paid off home becomes state property. (why). Taxes on a car you paid in full for. Highway tax I understand $30 to $50 dollars but why $499-$500 in car taxes every year? Everyone is a public servant except Afghanistan, Ukraine and every other country our government sends our tax dollars. Yet, none of these countries are refunding anything. Yet, we the citizens must keep contributing to a war we didn’t create but these countries education system is FREE………
Everyone in the US is a servant no matter how you look at it.

[Jason-thnx]

Paid off 68k last year, 8 years after graduation on a 60k a year combined salary with my wife. And yes, we bought our first home and sold it within that 8 years. It can be done.

[HarmonyandHope]

As much money that’s being sent for Ukraine, Cancel all student debt from 2005

[miltonfriedman]

Government says give everyone who wants student loans, bank dose, gov WHY ARE YOU GIVING EVERYBODY STUDENT LOANS?!?!

[eadruna]

More like interest forgiveness. I am pretty sure those young students who were preyed for to take loans ended up with paying huge interest compared to the original loan amount. Taking out a $50.000 loan but you end up have to pay more than $80.000 that is a predator! 10% - 20% interest is more than enough.

[silky]

My student loans are 25 year old and should be forgiven. I cannot get a response from Navient or Nelnet.

[megamindsports]

Saying there cancel $1.7 trillion dollars 💵 of student loans was the biggest lie

[abbyc.]

Great Lakes needs to be investigated as well because they are just as bad.

[f.c]

Like most of people if you own you have to pay. Instead of free money help reducing the rates or increase the time to pay it.

[jamesshen]

There's no debt forgiveness or cancellation. Someone else is paying for it.

[jaronhays]

This was upsetting to see that so many people are still in debt

[ayetreyyy]

Thank God I served in our Air Force for six years, traveled the world, completed my undergrad debt-free, and now get to complete my master's in Finance DEBT FREE thanks to the GI Bill. The government does offer a way to complete a degree debt-free--enlist or commission via ROTC scholarship.

[LuvJesusinfinity]

If you are on PSLF make sure you keep checking your ineligible and eligible payments along with the employment certification. I had several that were ineligible due to employment verification not certified. Which was not true and she had to send it to review because all 10 should have been eligible… also keep up with your own copy of your employment certification after you uploaded… they human and make mistakes

[paulpreston]

THE BEST DECISION I EVER MADE IN MY LIFE WAS
INVESTING IN FINANCIAL MARKET. TRUST ME GUYS, IT
PAYS!