Status: In progress
Youssef v. Navient Solutions LLC, et al.
-
Deadline to file a claim:
11/20/2023 -
Proof of Purchase Required:
No -
Potential Individual Reward:
Varies -
Total Settlement Amount:
$16 million -
Nationwide
Status: In progress
Youssef v. Navient Solutions LLC, et al.
-
Deadline to file a claim:
11/20/2023 -
Proof of Purchase Required:
No -
Potential Individual Reward:
Varies -
Total Settlement Amount:
$16 million -
Nationwide
Status: In progress
Youssef v. Navient Solutions LLC, et al.
-
Deadline to file a claim:
11/20/2023 -
Proof of Purchase Required:
No -
Potential Individual Reward:
Varies -
Total Settlement Amount:
$16 million -
Nationwide
Status: In progress
Youssef v. Navient Solutions LLC, et al.
The settlement benefits borrowers or co-borrowers of Navient-owned student loans who filed for bankruptcy protection after Oct. 17, 2005, after they became obligated to repay their student loans and who have never reaffirmed their private student loans.
-
Deadline to file a claim:
11/20/2023 -
Proof of Purchase Required:
No -
Potential Individual Reward:
Varies -
Total Settlement Amount:
$16 million -
Nationwide
Navient agreed to pay $16 million to resolve claims that student loans owned by the company should have been dischargeable during bankruptcy.
The settlement benefits borrowers or co-borrowers of Navient-owned student loans who filed for bankruptcy protection after Oct. 17, 2005, after they became obligated to repay their student loans and who have never reaffirmed their private student loans.
Plaintiffs in the student loan bankruptcy class action lawsuit claim Navient should have discharged certain student loans after borrowers declared bankruptcy. Borrowers and co-borrowers allegedly suffered from financial damages when their student loans were not discharged.
Navient is a private student loan company that offers financing and loan servicing.
Navient hasn’t admitted any wrongdoing but agreed to a $16 million settlement to resolve the student loan bankruptcy class action lawsuit.
Under the terms of the settlement, class members can submit a claim for damages they suffered including student loan payments made after bankruptcy filing. Class members could receive between 20% and 100% of the damages they sustained.
Navient also agreed to forgo the collection of certain outstanding balances. This may be entire loan balances or partial balances. The company will also delete or update all trade lines at credit reporting agencies related to these forgiven debts. According to the settlement website, this debt relief is valued at $182.4 million.
The deadline for exclusion and objection is Nov. 13, 2023.
The final approval hearing for the settlement is scheduled for Dec. 13, 2023.
In order to receive a settlement payment, class members must submit a valid claim form by Nov. 20, 2023.
Who’s Eligible
Borrowers or co-borrowers of Navient-owned student loans who filed for bankruptcy protection after Oct. 17, 2005, after they became obligated to repay their student loans and who have never reaffirmed their private student loans
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Case Name
Youssef v. Navient Solutions LLC, et al., Adv. Pro. No. 17-1085, in the U.S. Bankruptcy Court for the Eastern District of New York
Claims Administrator
Youssef v Navient Solutions
c/o JND Legal Administration
PO Box 91072
Seattle, WA 98111
info@navientstudentloansettlement.com
866-848-0808
Class Counsel
Adam R Shaw
George F Carpinello
Jenna C Smith
BOIES SCHILLER FLEXNER LLP
FISHMAN HAYGOOD LLP
JONES SWANSON HUDDELL LLC
LAW OFFICES OF JOSHUA B. KONS LLC
Defense Counsel
Thomas M Farrell
MCGUIREWOODS LLP
Read About More Class Action Lawsuits & Class Action Settlements:
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