Student Debt Giant Navient to Borrowers: You’re on Your Own

Re:Student Debt Giant Navient to Borrowers: You’re on Your Own by dvdkhlng on Tuesday April 04, 2017 @09:27AM (#14032320)

Interesting, didn't know this. This seems to be similar to AGB-Law, albeit pretty weak. While the US "contract of adhesion" [1] concept protects against terms "outside of the reasonable expectations", the AGB-Law [2] also protects against terms that are "unreasonably to the disadvantage" of the consumer. Arbitration clauses are not valid, for example.

[1] https://en.wikipedia.org/wiki/Standard_form_contract#Contrac...

[2] https://www.buzer.de/s1.htm?g=BGB&a=305-310

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Re:Student Debt Giant Navient to Borrowers: You’re on Your Own by voxic11 on Tuesday April 04, 2017 @09:40AM (#14032447)

Arbitration clauses here in the United States don't even required a valid contract, you can bind yourself to arbitration by simple agreement due to the https://en.m.wikipedia.org/wiki/Federal_Arbitration_Act

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