FFELP Borrowers in California Who Received a Natural Disaster Forbearance
Preston Law Offices is investigating whether Navient and other servicers complied with federal and California law while servicing student loans under the Federal Family Education Loan Program (FFELP) during a declaration of a natural disaster that occurred in California since 2018. The Higher Education Act requires that, when a geographical area is designated a natural disaster, the servicer places loan recipients into forbearance for at least 30 days after the natural disaster ends. To qualify, you must meet the following criteria:
- You had a FFELP loan serviced by Navient since 2018;
- Your loan was current at the time of a declared natural disaster;
- You may have received a letter like the one below.
The Natural Disaster Letter
Navient has sent FFELP borrowers a letter like the following in connection with natural disasters: [B]ecause you live in a jurisdiction that has been designated as a disaster area, a temporary natural disaster forbearance has been applied to your loan(s) listed below. [] We’ve applied a temporary natural disaster forbearance from [DATE] through [DATE] on the loan(s) listed below. [] An updated repayment schedule will be sent to you shortly before you’re required to begin repaying your loan(s). [] If your loan(s) was delinquent at the time we placed the natural disaster forbearance on your loan(s), the delinquency has been addressed with a separate forbearance. Accrued Interest for the delinquent period has been capitalized (added to your principal balance). [] Interest will accrue during the natural disaster forbearance period. In an effort to provide you relief as a result of the disaster, this interest will not be capitalized.
For More Information, Contact Preston Law Offices Today
If you had a FFELP student loan that was serviced by Navient since 2018 while you lived in California, your rights may have been violated. Preston Law Offices will evaluate whether you are eligible to participate in a class, explain your options, and work to force student loan servicers to change their illegal and harmful practices. Since 2009, Preston Law Offices has represented individuals and small businesses in a broad range of class actions, focusing on borrower rights, privacy, and unfair trade practices. Courts have appointed Preston Law Offices as lead class counsel, and Preston Law Offices has obtained recoveries for hundreds of thousands of class members. To learn more,
contact us today. We will evaluate your situation to determine whether you have a case.
