Navient says its public statements encouraging borrowers to contact the company didnt mean it would act in their best interest.

The deal which is not complete and may change would resolve a 2014 class-action lawsuit against the Education Department brought by seven former Wilfred students.

Student loan service Navient cheated borrowers, the Consumer Financial Board alleged in announcing its lawsuit against the largest student loan servicer.

U.S. Representative Tom Reed formally endorsed a law originally proposed by House Democrats. The bill would do more for Americas roughly 42 million student debtors than the one proposed two years ago by Elizabeth Warren.

Financial aid counselors are of little help, survey finds. But bankers fare far worse.