Student loans: Bankruptcy filers get $198 million settlement from Navient

The settlement includes $182 million in debt relief and $16 million cash compensation for impacted borrowers along with help to improve their credit scores as a result of the illegal collections.

"This settlement provides meaningful relief to thousands of borrowers who were illegally forced to pay back loan amounts that had been properly discharged in bankruptcy," Adam Shaw, counsel for the student loan borrowers and partner at Boies Schiller Flexner LLP, said in a statement.

While federal student loans are typically exempt from bankruptcy discharge, unless a borrower can show "

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