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    • NBC New York

    Navient reaches $120 million settlement with CFPB for misleading student loan borrowers

    By Annie Nova,CNBC,

    9 hours ago
    Read in NewsBreak
    Comments / 1
    Add a Comment
    Noneya Business
    5h ago
    I’m sorry what “misleading” thing did they say? I assume the conversation went something like this.. student: hi I’d like to get my education paid for. Banker: okay are you okay with paying back the loan with this percentage of interest? Student: Well the university assured me that I’ll be making 6 to 7 figures a year with my gender studies degree and my double major in lesbian dance theory, so why not.. scribbles signature on the dotted line. Fast forward 15 years and $250,000 of interest later Banker sends a notice of “hey were you ever going to start paying us back that loan?” Student replies: I’m a barista at Starbucks soooo. No!! But I will vote for whatever candidate promises to wipe that contract out. So again I ask how is that situation the bankers fault?
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