Americans Can Claim One-Time Payment from $28 Million Student Loan Settlement; Here’s How to Apply

Student loan borrowers from Navient, a loan servicer, can claim a one-time payment after it agrees to a $28 million student loan settlement.

One-time payment from student loan servicer. (Photo: CNET)

One-Time Payment for Americans

Millions of Americans across the country are still facing student loans, but they can claim a one-time payment after the new $28 million student loan settlement from the loan servicer Navient. This is after it was proven that they forced the borrowers to repay student loans.

In a published article in The U.S. Sun, Navient declared bankruptcy but it continued to collect student loans from the borrowers. The Navient did not accept any wrongdoing but agreed to a $28 million settlement to resolve the student loan bankruptcy class action lawsuit.

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How to Apply?

According to a report published in Top Class Actions, here are the ways on how to apply for a one-time payment:

• Consider if you want to remain or exclude yourself from the Settlement Class. If you do nothing, you are part of the Settlement Class.
• Those objecting to any part of the settlement can file a written objection with the District Court on or before November 8, 2023.
• To be eligible for potential payment of any amount, you will need to submit a Claim Form by no later than November 13, 2023.
• Payments to eligible members of the Settlement Class will be made only after the District Court grants final approval to the settlement and after any appeals are resolved.

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