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Navient reaches deal to cancel $1.7B in student loan debt

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Navient agreed to cancel $1.7 billion in student loan debt.

The amount was revealed as part of a settlement with 39 state attorneys general.

Navient was accused of predatory loan practices, such as steering student borrowers into expensive forbearances over more flexible, income-driven repayment plans, according to NPR.

Read more from NPR.

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