Mississippi News
Some Mississippians will benefit from Navient settlement
Some Mississippi borrowers will benefit from $8 million student loan settlement
Navient, one of the country's largest student loan servicers, has agreed to forgive $8.2 million in private debt for Mississippi borrowers under a settlement reached by the Mississippi Attorney General's Office last week.
Mississippi borrowers who qualify under the settlement, which was approved Saturday by a Hinds County Chancery Court judge, will see their debt erased in the next 90 days.
The Attorney General's Office said it did not know yet how many borrowers qualify for the settlement, but it is likely only a narrow slice of the 438,000 Mississippians with student debt. The settlement mostly applies to borrowers with loans that became past-due starting in July 2014. Borrowers who are current on their loan payments will not see their debt forgiven.
The settlement also requires Navient to make $1.7 million in restitution payments to Mississippi borrowers who the company placed into certain forbearance plans. That will likely amount to an average restitution payment of $260 depending on how many Mississippi borrowers qualify, said Michelle Williams, the attorney general's chief of staff.
Williams said Mississippi's settlement is substantially similar to another deal that Navient announced last week. Starting in 2017, 39 states sued Navient for a slew of deceptive and illegal lending practices on subprime student loans the company knew borrowers could likely never repay. The settlement agreement reached with those states requires Navient to cancel $1.7 billion in student debt, and pay $95 million in restitution.
Mississippi did not join that lawsuit and instead sued Navient separately in 2018. In its complaint, the Attorney General's Office described how Navient's practices contributed to making Mississippi one of the worst states in the country for borrowers with student loan debt. Borrowers in Mississippi are significantly more likely to default than in other states — the fourth highest rate in the nation.
“The result of Navient's conduct is a generation of Mississippi youth suffering under the crushing burden of a mountain of unnecessarily high student loan debt,” the suit alleged.
Mississippi borrowers who think they may qualify for the settlement should make sure their www.studentaid.gov account is updated to their current address.
This article first appeared on Mississippi Today and is republished here under a Creative Commons license.
Mississippi News
Two arrested for stealing AT&T internet lines in Adams County
SUMMARY: Two individuals, Joshua Peebles and Tiffany Vickers, were arrested in Adams County for stealing copper by cutting AT&T internet lines. This was the second time in two weeks that deputies had responded to internet lines being cut. The suspects admitted to stealing 143 feet of internet lines on both occasions. They were arrested in Claiborne County during a traffic stop, and stolen property and burglary tools were recovered. Peebles and Vickers are facing charges of felony possession of stolen property in Claiborne County, as well as grand larceny and larceny charges in Adams County, resulting in approximately $10,000 in damages from each incident.
The post Two arrested for stealing AT&T internet lines in Adams County appeared first on www.wjtv.com
Mississippi News
Columbus Tree Board plants tree at Riverwalk for Arbor Day
SUMMARY: National Arbor Day is celebrated on the third Friday in April to highlight the importance of trees for the environment and health. The City of Columbus planted their first tree in recognition of Arbor Day, with the mayor emphasizing the health benefits of trees for current and future generations. Trees have been shown to improve mood, help combat depression, and beautify communities. Mississippi celebrates a state Arbor Day in February, as it is a better time to plant trees in the local climate. The event in Columbus aims to raise awareness about the benefits of trees and encourage community pride.
The post Columbus Tree Board plants tree at Riverwalk for Arbor Day appeared first on www.wcbi.com
Mississippi News
Gun found in backpack of Ridgeland High School student
SUMMARY: A student was found with a gun at Ridgeland High School on April 26, according to officials from the Madison County School District. Other students reported their concerns, leading teachers to intervene quickly. The student was found with a gun in a backpack and both the student and weapon were removed from campus without incident. An investigation is ongoing. The school district emphasized that bringing weapons to school will result in immediate expulsion. Parents and guardians were notified about the incident by the principal. Safety of students and faculty is the top priority for the school district.
The post Gun found in backpack of Ridgeland High School student appeared first on www.wjtv.com
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