Wyden, Merkley Press Navient to Cancel Loans of Borrowers Scammed by Fraudulent, For-Profit Colleges and Servicer Misconduct
June 05, 2024
June 05, 2024
WASHINGTON, June 5 -- Sen. Jeff Merkley, D-Oregon, issued the following news release:
Senators Ron Wyden and Jeff Merkley said today they have joined seven colleagues in urging student loan servicer Navient to cancel decades-old private student loans pushed onto borrowers attending fraudulent, for-profit colleges.
"We write to urge the Navient Corporation to cancel the decades-old, predatory student loans in its portfolio that are governed by the FTC's 'Holder Rule . . .
Senators Ron Wyden and Jeff Merkley said today they have joined seven colleagues in urging student loan servicer Navient to cancel decades-old private student loans pushed onto borrowers attending fraudulent, for-profit colleges.
"We write to urge the Navient Corporation to cancel the decades-old, predatory student loans in its portfolio that are governed by the FTC's 'Holder Rule . . .