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Navient education loan Repayment System ‘Designed to maximise a Borrower’s Indebtedness’

Navient education loan Repayment System ‘Designed to maximise a Borrower’s Indebtedness’

A course action claims Navient has used a student-based loan repayment scheme which is permitted the organization to reel in sizable interest-driven earnings while maintaining borrowers perpetually with debt.

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A proposed course action lawsuit alleges Navient Corporation has used a student-based loan payment system made to keep borrowers with debt as long as feasible and make sure they usually have difficulty paying down their principal while making the most of the company’s interest-driven revenue flow.