Lynn Fitch

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Attorney General Lynn Fitch announced that Mississippi entered settlement with Navient, known as one of the nation’s largest student loan servicers, to resolve allegations of unfair and deceptive student loan servicing practices. The settlement will require court approval.
“Student loan debt can be a very real obstacle to achieving financial security, especially for young people just coming out of school,” said Attorney General Lynn Fitch. “As a result of this settlement, Navient will be making much-needed improvements to the way it works with its customers to help them understand the options available to them and help them find the best option when they are facing serious challenges with loan repayment.”
Relief terms in this settlement include improved notification of options available to borrowers, as well as training for loan specialists on how to advise distressed borrowers about alternative repayment options and how to counsel eligible borrowers about Public Service Loan Forgiveness (PSLF). Terms also prohibit compensating customer service agents in a way that incentives them to minimize the time they spend counseling borrowers.
Navient will forgive $8,229,788 in private debt for Mississippi borrowers and will provide $1,747,850.40 for restitution payments to Mississippi borrowers who were placed in certain types of long-term forbearances.
Additional information on the restitution payments will be available in the coming months; but federal loan borrowers who may qualify for this relief do not need to take any action at this time other than to update or create their www.studentaid.gov account to ensure that the U.S. Department of Education has their current address.
Separately, today, a coalition of 39 state Attorneys General announced their settlement of similar claims with Navient.
FAQs available here may help answer questions for borrowers.
MageeNews.com is an online news source serving Simpson and surrounding counties as well as the State of Mississippi.
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Patrice, wife of Greg Boykin & mother of two sons, Bradley & Alex, is a Magee hometown girl. Patrice retired after 25 years in the Insurance industry and 23 of those years were with State Farm Insurance in Magee. She is very active in the community where she served as Secretary for the Magee Touchdown Club for 18 years and President of the MS Scholars of Simpson County. She was elected to a term on the Simpson County School Board. She has served on the Board of Directors for the Magee Chamber of Commerce. She serves on the Keep Magee Beautiful Committee and is a member of the Advisory Committee for the Simpson County Technical Center. Multiple times, Patrice was named Parent of the Year for Magee Schools as well as District Parent of the Year. Patrice & her family are members of New Hope Baptist Church.

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