Tag: Sallie Mae

Victory: Department of Education Cuts Contract With Five Student Debt Collectors

March 4, 2015

Last Friday, the Department of Education made a huge announcement that it’s cutting contracts with five private companies it had hired as debt collectors on defaulted student loans. For years, Jobs With Justice has worked closely with our allies, including the Student Labor Action Project, US Student Association, and the… Read More»

Tags: , , , , , , , , , , , , ,

Navient Owes the Federal Government a Lot of Money. Why Isn’t Anyone Collecting?

January 29, 2015

For the millions of Americans drowning in debt, non-payment is not an option, and student debt is the worst kind of debt to have. As Senator Elizabeth Warren once remarked, the powers of student-loan debt collectors “would make a mobster envious.” If you’re a company that holds student debt, on the… Read More»

Tags: , , , , ,

Federal Regulators Fine Sallie Mae for Overcharging and Discriminating Against Borrowers

May 13, 2014

Earlier today, federal regulators ordered Sallie Mae to pay $96.6 million in penalties and restitution to student loan borrowers harmed by the company’s lending practices. Sallie Mae agreed to settlements with both the U.S. Department of Justice (USDOJ) and the Federal Deposit Insurance Corp (FDIC) for violations of the following… Read More»

Tags: , , , , , , , , , , , , , , , ,

Sallie Mae’s Failings Continue to Go Unpunished

December 20, 2013

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»

Tags: , , , , , , , , ,

Is Sallie Mae really going to forgive your student debt?

October 3, 2013

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»


Victory: Sallie Mae Leaves ALEC

September 9, 2013

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»

Tags: ,