The company is facing multiple lawsuits from the CFPB and states attorneys general.
Student loan giant Navient NAVI, -0.66% celebrated a corporate milestone on social media this week and it didn’t take long for the internet to clap back.
This student loan company is literally under investigation and being sued by states and the federal government for cheating students to make more money. Yes you did. By unlawfully adding $4 billion on the backs of students and their families through your predatory student loan practices, as our complaint alleges. Shameful. #Navient https://t.co/6q3iO7uri9
The company has denied the claims in the various suits. The company’s chief executive officer, Jack Remondi, has also argued that the bulk of complaints against the company have to do with the complicated nature of federal student loan law, not servicer error.
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