Elizabeth Warren is asking a major student-loan company to cancel debt for borrowers with 'decades-old predatory private' loans. Here's how.

Apr 18 2024 by Business Insider

 
Sen. Elizabeth Warren.

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Sen. Elizabeth Warren led a letter urging Navient to cancel predatory private student loans.The letter cited the Holder Rule, which permits relief for borrowers with fraudulent loans.The lawmakers requested this relief happen before Navient outsources its servicing to MOHELA.

A major private student-loan company is leaving the servicing industry. But before that happens, a group of Democratic lawmakers want it to give some borrowers debt...

Continue Reading Elizabeth Warren is asking a major student-loan company to cancel debt for borrowers with 'decades-old predatory private' loans. Here's how.