On March 6, amid growing concerns that schools are receiving kickbacks from banks selling products and opening branches on their campuses, students at 20 campuses around the country delivered letters to their school’s administrators asking for increased disclosure about the details of these partnerships. Currently, colleges and universities are only… Read More»
Author: Chris Hicks
Have you ever suspected your school is receiving kickbacks from banks in exchange for promoting their products and services on campus? Turns out, they probably are. Last week, the Government Accountability Office (GAO) released a report expressing concerns over such partnerships between banks and universities, and they’re not alone. In… Read More»
New York Governor Andrew Cuomo announced earlier this week that his newly established Student Protection Unit had subpoenaed 13 student debt relief companies for potential exploitation of debtors. As Cuomo’s office explained, “Any company trying to sell students a raw deal using misleading or deceptive practices should know that we’ll… Read More»
On September 19, 2013 Senator Elizabeth Warren asked the Department of Education questions that many college graduates who took out loans have been asking for years about Sallie Mae. She wrote in a letter to the department: “While the government has been quite tolerant of Sallie Mae’s failings and helped… Read More»
In the past few days, a Sallie Mae instagram was created that said if you were one of the first 150,000 people to follow them they’d forgive your student debt. Unfortunately, not today. This is a fake account. It’s important that you do not share any personal information with them… Read More»
Sallie Mae has quit the American Legislative Exchange Council (ALEC) after months of growing pressure from Jobs with Justice/American Rights at Work, the U.S. Student Association, and the Student Labor Action Project. Sallie Mae is now the 50th corporation to leave the extremist, right-wing group that advances state legislation essentially… Read More»
Imagine this: Sallie Mae’s CEO, sitting at a table with 20 students discussing student debt forgiveness. Crazy, right? Sallie Mae has finally agreed to sit down with the Student Labor Action Project (SLAP) and US Student Association (USSA) to discuss how to make affordability for all students and graduates a… Read More»
Read these ten critical facts about Sallie Mae that exemplify the need for increased regulation in the private student loan industry. Download: Top 10 Things You Don’t Know About Sallie Mae (PDF)