The Illinois and Washington attorneys general also filed suits against Navient on Wednesday. Navient said in subsequent statements Wednesdaythat allegations by the Illinois and Washington attorneys general were also politically driven and unfounded. Time will tell what impact these lawsuits have on borrowers, says Betsy Mayotte, director of consumer outreach and compliance at American Student Assistance, a nonprofit that helps students pay for college. But regardless of outcomes, borrowers should regularly check loan for commercial property their student loan accounts to make sure their loans are being serviced correctly, she says. How to check if Navient is your loan servicer Your student loan servicer is the company you make payments to each month. Its not always the same company that lent you money in the first place. The Department of Education is the lender for all federal student loans, but it contracts with private, third-party companies, including Navient, to handle loan servicing. Log on to the Federal Student Aid website to find your federal loan servicer. In addition to Navient, other major federal loan servicers include FedLoan Servicing, Great Lakes Higher Education Corporation & Affiliates and Nelnet.
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