(Gray News) - Embattled loan servicer Navient has been banned from servicing federal student loans and must pay out millions of dollars as part of a new settlement. The agreement settles a lawsuit ...

Navient, the Delaware-based loan servicing firm, will be barred from most of the federal student loan market as a result of a settlement with the Consumer Financial Protection Bureau. The company also ...

Add Yahoo as a preferred source to see more of our stories on Google. The Consumer Financial Protection Bureau Thursday said Navient will be banned from federal student loan servicing and pay $120 ...

The Department of Education issues Federal loans to students, but it doesn’t work with borrowers directly. Instead, it hires outside loan servicers to shoulder the administrative burden of educational ...

A student loan servicer is a company that performs administrative tasks on behalf of a lender, such as the U.S. Department of Education. These companies send out bills, disburse money and collect ...