A group of Democratic lawmakers wants answers from a major student-loan company on its debt relief process for the borrowers it services.
On Thursday, Sen. Elizabeth Warren and Rep. Madeleine Dean led 33 of their Democratic colleagues — including Sen. Bernie Sanders and Rep. Ayanna Pressley — in requesting more information from Navient on how it handles debt discharges for borrowers who said they were defrauded by the schools they attended.
The issue at play: There’s a process for borrowers with federal student loans to apply for a debt discharge if they can prove they were defrauded by their school. It’s known as the borrower defense to repayment. President Joe Biden’s Education Department has canceled debt for millions of borrowers…
