Conduent Education Services LLC will pay $3.25 million to resolve a class action brought by nearly 3,000 student loan borrowers who claim that by failing to provide papers on time, the servicer interfered with their ability to consolidate their debts.
US District Judge David N. Hurd in New York approved the final settlement Dec. 2.
The settlement benefits borrowers who applied to consolidate at least one Federal Family Loan and Education Program loan into a direct consolidation loan between January 18, 2012 and May 5, 2021 and who didn’t obtain a loan verification certificate within 10 days after asking for ...
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