Americans are eligible for free money under $16 million student debt settlement

STUDENT loan borrowers may be entitled to part of a $16 million debt settlement. A private student loan company has agreed to the payout to resolve a class action lawsuit. Getty - ContributorA student loan company has agreed to a settlement of $16 million[/caption] The suit against Navient claims that certain student loans owned by the company should have been discharged after the borrowers filed for bankruptcy, Top Class Actions reported. Since Navient did not discharge those loans, borrowers allegedly suffered from financial damages. Borrowers or co-borrowers who filed for bankruptcy protection after October 17, 2005, after they became obligated to repay their students, and

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