Class-action set­tle­ment: Navient stu­dent loan ser­vicer users have three days to file claim for $16 mil­lion set­tle­ment

Stu­dent loan bor­row­ers who used Navient, a pri­vate ser­vicer, must file a claim with­in the next three days to receive part of a $16 mil­lion class-action set­tle­ment.
Bor­row­ers filed class-action law­suits against Navient, say­ing the com­pa­ny ille­gal­ly col­lect­ed mon­ey from stu­dents after it went bank­rupt. After six years of lit­i­ga­tion, Navient agreed to a $198 mil­lion set­tle­ment. The set­tle­ment includes $182 mil­lion in debt relief for affect­ed bor­row­ers, along with $16 mil­lion in cash for a set­tle­ment class of 4,607 bor­row­ers.
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Bor­row­ers includ­ed in the $16 mil­lion set­tle­ment have until Nov. 20 to file a claim.
The eli­gi­ble recip­i­ents include stu­dent bor­row­ers or co-bor­row­ers who filed for bank­rupt­cy pro­tec­tion on or after Oct. 17, 2005, were oblig­at­ed to repay their loans, received a court-approved dis­charge order, and nev­er reaf­firmed their loans.
The set­tle­ment will pay 20% to 100% of the dam­ages suf­fered, includ­ing stu­dent loan pay­ments made after Navien­t’s bank­rupt­cy. A claim must be filed by Nov. …