Tag: Senate HELP committee

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»

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If Student Loan Forgiveness Programs Are “Booming,” Then Why Are So Many Borrowers Still Struggling?

April 24, 2014

On Tuesday, Jane Timm published a piece on MSNBC.com titled, “Students seek loan forgiveness in overwhelming numbers.” The piece claims that student loan borrowers are enrolling in the Department of Education’s flexible student loan repayment plans, some of which include debt forgiveness, in “record numbers.” Unfortunately, Timm drastically misses the… Read More»

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