'While families breathe a sigh of relief, corporations that made billions off a broken student loan system are now busily laying new traps in a shameless, last-ditch effort to try to line their pockets,' says SenWarren
"While families breathe a sigh of relief, corporations that made billions off a broken student loan system are now busily laying new traps in a shameless, last-ditch effort to try to line their pockets," said the Massachusetts Democrat.Sen.
In an exchange with Rachel Gittleman, the financial services outreach manager for the Consumer Federation of America, Warren detailed that some borrowers who are customers of Navient—who the senator referred to as"one of the world's largest and worst loan servicers"—had recently received offers from the company to refinance their federal loans into lower-interest loans with NaviRefi, the company's private loan arm, but only disclosed in the fine print of the agreement that...
Warren then asked Gittleman if companies like Navient make more or less money if student borrowers who use their services receive debt cancellation.
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