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As soon as Navient gets a serious character in student loan procedures, it want to benefit from the standing. All procedures your Navient education loan forgiveness process had, went through you to definitely business. They has worked as that loan bank, servicer, and you will commercial collection agency muscles and, by doing so, arrive at participate and use new facts into their virtue. It set high rates of interest to your loans which range from sixteen percent and rehearse default money to take the currency that worst college students had. You to definitely contributed to really serious problems with respect to Navient education loan payday loans Melville LA forgiveness.
They produced enough money from college students because Navient handled to offer loans for even riskier consumers. (далее…)