Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20

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Democratic lawmakers say

A group of Democratic lawmakers said that a major student-loan company is denying some student-loan borrowers relief that they might qualify for.

Sen. Elizabeth Warren led over 20 of her Democratic colleagues, including Rep. Alexandria Ocasio-Cortez and Sen. Ron Wyden, in sending a letter Wednesday to the Consumer Financial Protection Bureau and the Federal Trade Commission urging an investigation into the student-loan company Navient.

In the letter, viewed exclusively by Business Insider, the lawmakers wrote that Navient's process to cancel student loans for borrowers who said their schools defrauded them is "flawed, convoluted, and opaque," and it may have resulted in borrowers being "improperly" denied relief they qualified for.

A process known as the borrower defense to repayment allows borrowers with federal student loans to apply for debt cancellation if they believe their schools defrauded them. If approved, the government would wipe out their balances.

https://www.msn.com/en-us/money/careersandeducation/hundreds-of-student-loan-borrowers-who-applied-for-debt-cancellation-are-being-denied-relief-by-a-major-lender-over-20-democratic-lawmakers-say/ar-AA1vK9hK