The Servicemembers Civil Relief Act provides a 6 percent interest rate cap on student loans taken out prior to military service. In 2014, Navient entered into a voluntary agreement with the U.S. Department of Justice on SCRA, leading to a new, streamlined process for not only Navient but all student loan servicers.
Setting the Record Straight on SCRA, by Jack Remondi
SCRA Agreement FAQs
Learn more about the agreement between Navient and the Department of Justice (DOJ) regarding the Servicemembers Civil Relief Act (SCRA).
Navient letter to Department of Education Office of the Inspector General (Oct. 2015)
Appendix C (Department of Education waiver, May 2014)
Joint industry letter to ED requesting flexibility on SCRA, and ED response (2011)
Navient is proud to assist members of our nation's military with their education loans, including processing benefits under the Servicemember Civil Relief Act (SCRA). Navient demonstrates its appreciation for their service through easy access to benefits, information and assistance.