There are three ways to get rid of Navient private student loans without paying the balance in full: Qualify for debt cancellation, negotiate a settlement, or file student loan bankruptcy.
Earlier this year, Navient struck a deal with 39 state attorney generals to resolve charges it made predatory private loans to students and steered federal loan borrowers into costly long-term forbearance instead of more affordable income-based repayment plans. The agreement called for Navient to do two things:
While that was happening, Navient announced it was terminating its contract to service federal loans that the Education Department owned. It later moved the accounts of millions of borrowers to a newly formed student loan servicer, Aidvantage.
Related: How to Get Rid of Private Student Loans
After all of those moves, if you still have private student loans with Navient, there are three options to get rid of the debt without paying the balance in full:
Ahead, learn how each option to get rid of Navient private student loans works and if it’s right for you.
Related: When Will Student Loan Forgiveness Start?