Student loan borrowers who used Navient, a private servicer, must file a claim within the next three days to receive part of a $16 million class-action settlement.

Borrowers filed class-action lawsuits against Navient, saying the company illegally collected money from students after it went bankrupt. After six years of litigation, Navient agreed to a $198 million settlement. The settlement includes $182 million in debt relief for affected borrowers, along with $16 million in cash for a settlement class of 4,607 borrowers.

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Borrowers included in the $16 million settlement have until Nov. 20 to file a claim.

The eligible recipients include student borrowers or co-borrowers who filed for bankruptcy protection on or after Oct. 17, 2005, were obligated to repay their loans, received a court-approved discharge order, and never reaffirmed their loans.

The settlement will pay 20% to 100% of the damages suffered, including student loan payments made after Navient's bankruptcy. A claim must be filed by Nov. 20 and can be completed by clicking here.

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Navient has adamantly denied any wrongdoing but agreed to the settlement anyway.

The final hearing on the settlement is scheduled for Dec. 13 at the District Court for the Eastern District of New York.