Latest News

Loans ‘Designed to Fail’: States Say Navient Preyed on Students

In recent months, the student loan giant Navient, which was spun off from Sallie Mae in 2014 and retained nearly all of the company’s loan portfolio, has come under fire for aggressive and sloppy loan collection practices, which led to a set of government lawsuits filed in January. But those accusations have overshadowed broader claims that Sallie Mae engaged in predatory lending, extending billions of dollars in private loans to students that never should have been made in the first place.