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Filed Bankruptcy After Oct 17, 2005 – You are Likely Eligible for Settlement Cash Now if you have a Navient Student Loan

Re: 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.


Borrowers are eligible for free money under $16 million student debt settlement – but you need to file a valid Claim Form by November 20, 2023.  There is no cost to do so.

Am I 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.  By the way, practically no one reaffirms their private student loans in bankruptcy!  None of our bankruptcy clients have, that’s for sure.

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.

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