Navient settlement checks are going out — see which student loan borrowers qualify

At least 100,000 federal student loan borrowers may receive Navient settlement checks in 2026. The $120 million CFPB settlement targets borrowers placed in student loan forbearance in 2017 or earlier. Many saw balances grow due to interest accrual. Payments may reach $2,000. No application is required. This student loan settlement highlights servicing failures and rising debt risks as total U.S. student loan debt exceeds $1.6 trillion.