Student Loan Servicing Class Actions: Forbearance Suits, Debt Relief Claims, and CFPB Litigation Under Federal Laws
In the US, student loan debt has soared past $1.7 trillion, affecting over 45 million borrowers (SEMrush 2023 Study, Federal Reserve 2023 Report). This has led to a wave of class – action lawsuits against student loan servicers. Premium legal actions, like the Wells Fargo $185 million proposed settlement and the CFPB’s $120 million Navient…