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Student-loan company Navient reached a settlement with the Labor Department over hiring discrimination allegations. Impacted job applicants will be notified they are eligible to receive back pay from the settlement. The Labor Department announced on Monday that it reached a settlement with student-loan company Navient to resolve allegations of hiring discrimination at its Indiana, Pennsylvania, and Texas locations. Advertisement Advertisement Watch:Navient agreed to pay $700,000 in back pay and interest to resolve the allegations. Navient exited the federal student-loan servicing industry in 2021 and continues to service privately-held student loans.
Persons: Navient, Paul Hartwick, Samuel B, Maiden Organizations: Labor Department, Service, Labor, Navient Corp, Atlantic Regional Locations: Wall, Silicon, Indiana, Pennsylvania, Texas
The victory marked the starting point for what's become Smith's raison d'être to help as many student loan borrowers as possible. But of those who did, around 60% managed to get a discharge of some portion of their student debt, Iuliano found. And thanks to a widely-held belief that student debt is categorically exempt from discharge, few are willing to take that chance. "I have $50k student debt, no degree, was a victim of attempted murder, out of work, and homeless," reads another. Austin SmithEventually, he says, he vowed to make it his life's cause to help the student loan borrowers.
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