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Forbes verified that Navient has agreed to pay $3.5 million in student loans.

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The company agreed in January to pay $1.7 billion owed by 66,000 debtors in subprime private colleges.

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Navient also agreed to reimburse about 350,000 federal loan borrowers $95 million in restitution payments of about $260 each.

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Navient was accused of engaging in unfair and misleading tactics, according to the lawsuit.

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Navient neglected to send out renewal notices for income-driven repayment plans to student loan borrowers.

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It encourages borrowers away from crucial federal student loan relief programs like PSLF.

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In a related lawsuit filed in 2017, the CFPB claimed that Navient engaged in forbearance-encouraging activities.

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Navient issued predatory subprime loans to students attending profit-making schools and colleges with low graduation rates while operating as Sallie Mae.

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Navient has categorically rejected any wrongdoing or harm to student loan borrowers.

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Accounts that were opened in the early 2000s are also more likely to be cancelled.