A Jan. 13 settlement between student loan servicer Navient and 39 states will cancel $1.7 billion in student loans, but the agreement has raised questions about the issue of student loan accountability. The settlement resolved a long-standing lawsuit that alleged that Navient, previously known as Sallie Mae, engaged in unfair practices by steering student loan borrowers into forbearances and away from federal student loan relief programs. California Attorney General Rob Bonta said during a press conference: “This settlement isn’t just a step towards accountability for these unscrupulous actions. In addition to monetary relief and debt cancellation my colleagues discussed, today’s settlement also includes significant injunctive terms to prevent Navient from engaging in future misconduct.” Per the terms of the settlement, Navient agreed to cancel loan balances for approximately 66,000 borrowers with certain qualifying private education loans originating between 2002 and 2010. The company will notify qualified borrowers in the coming …