Wisconsin Student Loans

People in Wisconsin with student loans may be in line to have their debt canceled after a settlement from one of the country’s biggest student loan companies. Navient agreed Thursday to pay more than $140 million in penalties and cancel about $1.7 billion in debt from 66,000 borrowers across the US as part of a settlement over claims of abusive and predatory lending practices. According to Wisconsin Attorney General Josh Kaul, affected borrowers in Wisconsin will be getting about $24 million in relief. The suit claimed Navient pushed people struggling to pay their student loans into long-term forbearances instead of telling them about the benefits of other repayment plans.