The checks started going out last month, according to an update on the CFPB website.
Thousands of former student loan borrowers are receiving settlement checks from Navient. Find out who is eligible for a payment and why the company is paying.
Student-loan servicer Navient agreed to a $20 million fine and $100 million in refunds after settling a lawsuit filed by the Consumer Financial Protection Bureau. Checks have begun going out.
Some borrowers have already reported receiving checks, with amounts ranging from as little as $50 up to $2,000.
Student loan borrowers who were steered into a forbearance by Navient in 2017 or earlier may soon get a check in the mail, stemming from a settlement between the Consumer Financial Protection Bureau ...