The state of New Jersey sued Navient on Tuesday, alleging that the student loan servicing company forced borrowers to pay and owe more money than necessary through misleading and deceptive practices. In a lawsuit Navient is accused of steering borrowers into loan forbearance and away from income-driven repayment plans, which typically extend the term and reduce the monthly payment owed. New Jersey also says that Navient failed to inform borrowers about their requirement to recertify that they are eligible for an income-driven repayment plan and gave them inaccurate information about balances due and other information.
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