The $1.7 billion in student loans will be forgiven for about 66,000 people who took private loans from Navient to attend certain for-profit institutions.
Thursday between student loan collector Navient and 39 state attorneys general, which will lead to about $1.7 billion of the company's private student loans being canceled.
In 2017, Pennsylvania Attorney General Josh Shapiro brought the lawsuit against the company which was later joined by dozens of other states.
The settlement is pending approval by a federal court in Pennsylvania, and would also lead to about 350,000 borrowers who were in certain forbearance programs to receive about $260 per person, according toThis April 2, 2014, file photo, shows the headquarters of student loan debt collector Navient Corporation, in Wilmington, Del. Pennsylvania Attorney General Josh Shapiro said Thursday in a news release that the settlement includes $1.
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