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Thousands will have student loan debt canceled

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Thousands of people with student loan debt will have their debt canceled or receive a one-time check as part of a multistate settlement with one of the nation’s largest student loan servicers.

Navient, the Wilmington-based company, was accused of encouraging borrowers to pause payments through forbearance rather than directing them to lower-costs repayment plans tied to their income. Although Navient denies the charges, the settlement ends probes by multiple states into the company’s practices and will affect thousands of people whose loans are serviced by Navient.

The loans in question were mostly originated by Sallie Mae between 2002 and 2014 prior to when Sallie Mae spun off its student loan services as Navient in 2014. The agreement will result in the cancellation of $1.7 billion in student loans. Another $95 million will be distributed in restitution payments worth about $260.

An aerial view of some of the businesses at the Wilmington Riverfront which includes AAA MidAtlantic and Navient.

PREVIOUS REPORTING: Delaware-based Navient enters $1.85 billion settlement over student loan practices

How do I find out if I will benefit?

Those who will have private loan debt canceled will be notified by Navient no later than July 2022. They will receive a refund for payments made after June 30, 2021.

Borrowers who are eligible for the $260 restitution payment will receive a postcard in the mail from a settlement administrator this spring.





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Mega Millions jackpot climbs to $376M; four tickets win millions

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No one won the Mega Millions on Tuesday night so the jackpot will rise to an estimated $376 million for Friday night’s drawing, according to the lottery website. 

The cash option will be $256.4 million.

While no one won Tuesday’s $347 million grand prize, four tickets matched all five white balls to win million-dollar prizes.

Three tickets sold in North Carolina, Pennsylvania and Texas had the Megaplier to each win $4 million and one ticket sold in Maryland took home $1 million.

The winning numbers drawn on Tuesday, Jan. 18, 2022 were: 4 – 19 – 39 – 42 – 52 and Megaball 9. The Megaplier was 4x.

Recent Winner:$108 million Mega Millions winning ticket sold in Arizona

The Mega Millions has not been hit since someone in Lake Havasu City, Arizona won a $108 million jackpot back in October.

The Mega Millions costs $2 per ticket and is drawn twice weekly on Tuesdays and Fridays at 11 p.m.

Meanwhile, the Powerball jackpot is at $62 million with a cash option of $43.3 million for Wednesday night’s drawing, according to the Powerball website

Powerball winner:$632.6 million Powerball jackpot winning tickets sold in California and Wisconsin

Powerball, Mega Millions:These are the luckiest states for jackpot winners

Top Mega Millions jackpots

  1. $1.537 billion, Oct. 23, 2018: Won in South Carolina
  2. $1.05 billion, Jan. 22, 2021: Won in Michigan
  3. $656 million, March 30, 2012: Three winners in Illinois, Kansas, Maryland 
  4. $648 million, Dec. 17, 2013: Two winners in California, Georgia
  5. $543 million, July 24, 2018: Won in California
  6. $536 million, July 8, 20116: Won in Indiana
  7. $533 million: March 30, 2018: Won in New Jersey 
  8. $522 million: June 7, 2019: Won in California
  9. $515 million: May 21, 2021: Won in Pennsylvania
  10. $451 million, Jan. 5, 2018: Won in Florida





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3 Moves the Brooklyn Nets Need to Consider to Survive Kevin Durant’s Injury

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With a 114–107 loss to the Cleveland Cavaliers on MLK Day, the Brooklyn Nets are 0–1 since Kevin Durant sprained his left knee. The injury will keep the former MVP sidelined past the Feb. 10 NBA trade deadline. Should Brooklyn general manager Sean Marks consider a move to help the Nets survive Durant’s absence?

The club is already $35.3 million over the luxury tax line. While Brooklyn isn’t paying the repeater penalty in 2021–22, it is already looking at a $110.4 million luxury tax bill. That doesn’t necessarily preclude the Nets from making a deal. However, it does make it a pricey consideration.





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New site launches, how to order COVID-19 tests

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