Navient Fails to Disclose Payment Options for Loans

November 28, 2018- Kohn, Swift & Graf is currently investigating the student loan servicing company, Navient, for allegedly deceiving borrowers into more costly repayment plans.

NAVIENT LOANS COSTING STUDENTS MORE THAN actually NEEDED

The student loan firm was alleged of engaging in deceptive practices by failing to properly inform borrowers of cheaper payment options. In 2017, the U.S. Department of Education uncovered evidence that Navient representatives allowed borrowers to enroll in payment plans without disclosing other options that were less expensive.

According to a copy of the audit obtained by The Associated Press, tens of thousands of customers may have faced higher costs as a result of Navient’s practices. It has been further alleged that Navient’s failure to properly inform borrowers of cheaper payment options added nearly $4 billion in interest to their debts.

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If you or someone you know believes they were unfairly steered by Navient and not properly informed of cheaper payment options, please contact us. All consultations are free of charge. You may be eligible to be included in a Class Action Lawsuit.

Kohn, Swift & Graf is a national leader in class actions, including complex consumer litigation. With experienced consumer class action attorneys and a competent support staff, our firm strives to provide the highest quality of service to our clients. We treat each case with careful attention to ensure that consumers get the justice they deserve. KS&G is centrally located in Philadelphia, PA. We handle cases nationwide.