![]() Have you borrowed money from Navient? Have you experienced the same issues? Click the “Contact Us” button below and share it with us! Products/Services: Student loans from NavientĪllegations: Navient conducted deceptive business practices, fraud, and violation of consumer protection laws District Court for the District of New Jersey This article is written to inform you of Navient’s lawsuit over student loan borrowers and cosigners.Ĭase Name & No.: Brian Manetta et al. Editor’s Note on Navient Student Loans Class Action Lawsuit 2021: However, the judge agreed that Navient did not owe the borrowers any fiduciary duty. She stated that it was early to consider if the lawsuit would proceed as a class action. Judge Wigenton stated that the specific allegations - including the date and cash amount of the allegedly misapplied funds - were sufficient to make claims for fraud and violation of consumer protection laws. In its most recent dismissal brief, it stated that the plaintiffs must be able to demonstrate that the conduct underlying the claims is unlawful in some way, which they have not done and could not do. Navient filed a motion to dismiss the class action case in December 2020. ![]() ![]() ![]() In addition, they stated that the defendant’s website consists of inaccurate information.Īccording to the plaintiffs, Navient’s website and the fact that the company does not provide borrowers with amortization and this schedule limit borrowers’ ability to comprehend or resolve such issues. In addition, it capitalized interest incorrectly and diverted payments toward lower-interest loans. They allege that the business disproportionately applied payments to the interest instead of the principal. The class members, who are now professionals with advanced degrees, have brought fraud claims and allegations under the consumer and business laws of Delaware, Florida, New Jersey, and New York. Lisa Simonetti of Greenberg Traurig - who represents Navient - and Xavier Bailliard of Kranjac Tripodi & Partners - who represents the proposed class - did not reply immediately to requests for comment.ĩ borrowers whose loans were serviced by Navient filed the lawsuit in June 2020. She stated that the borrowers who filed the proposed class action last year had legitimate claims under the anti-fraud statute of New Jersey and the consumer protection laws of Florida, New Jersey, and New York. District Judge Susan Wigenton refused Navient’s request to dismiss the lawsuit on Thursday. et al.Ī federal judge in New Jersey has ruled that student borrowers may sue Navient Corp for fraudulently misallocating payments, thus, extending the life of student loans. Consumer Class Actions Navient Student Loans Class Action Lawsuit 2021 – Illegally Charging Extra To Student Loan Debtors?īy Consider The Consumer on Navient Must Face Class Action Lawsuit Over Student Loan Borrower and Cosigners Issueįormer students who took out loans serviced by Navient have been granted permission to proceed with their class action lawsuit against the student loan servicer, alleging self-dealing and deceptive business practices.
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