tl;dr--The student loan servicers are corrupt, ripping off former students, me included. Democrats are trying to fix it and provide some overall relief, quickly and untargeted, but Republicans and their allies on the bench are blocking the effort, and Millennials that know this are *pissed off*. 17/17
#nelnet #navient #studentdebt #studentloans #data #fraud #PSLF #Teacher #debt #college #publicservice #Harris #CFPB #supremecourt @pluralistic
US bans Navient from servicing federal student loans https://flip.it/UFhUYK #studentloans #navient
US bans Navient from servicing federal student loans

A federal regulator said Thursday that it is banning Navient from servicing federal student loans and ordering the company to pay $120 million.

CNN

@MylesRyden @stevendbrewer @pluralistic The specific “corporation” at the root of the 1970s shift in US #HigherEd was #SallieMae, whose #StudentLoans servicing was spun off into #Navient in 2014.

People often associate #corporations with private #capitalist enterprises, but the federal #government owns dozens, chartered under the theory that incorporating enables more political independence. In practice, they’re all state-sponsored coercive #monopolies.

Student-loan company agrees to pay $700,000 in back pay to job applicants

The Labor Department accused student-loan company Navient of hiring discrimination, and applicants could be eligible for the financial settlement.

Insider

Got an email this morning that there was a problem processing my student loan payment. My wife confirms they took the money from our account, so I'm not sure what that's about.

Curiously, the links in the email (which appears legit), try to redirect you through some kind of tracker. Naturally, Pi-Hole is having none of it.

What's the deal with purportedly reputable companies tracking emails these days? There's no legitimate reason for them to do so. #Navient

@garidin #RAGA supporters cont:
#CapitalOne $50,000
#TysonFoods $40,000
#Enterprise $35,000
#Aflac $28,000
#SquirePattonBoggs $25,125
#Pepsi $25,000
#StateFarm $25,000
#Deloitte $25,000
#RentAcenter $25,000
#Millercoors $25,000
#Google $25,000
#Centurylink $25,000
#BankOfAmerica (#BofA) $25,000
#Verizon $25,000
#Walgreens $25,000
#JPMorgan #Chase $25,000
#Navient $15,350
#Carmax $15,000
#Carvana $15,000
#BestBuy $15,000
#TMobile $15,000 ← the only one that surprises me.
(part 2/2)
They Missed Student Loan Payments. Years Later, They’re Stuck in Credit Hell

Thanks to a mysterious 1986 law, credit reporting on student loans is mandatory. For millions of Americans, that’s meant financial disaster.

How To Get Your Navient Student Loan Money Back

As part of a massive settlement, Navient is canceling the remaining student loan balances of more than 66,000 borrowers.