Education Department Sends Out More Student Borrowers To Firm Simply Penalized …

September 29, 2014 Nemes Education

The Education Department has actually rewarded a former Sallie Mae system with more taxpayer-provided company even after the loan servicer, now known as Navient Corp., was accused by federal prosecutors in Could of purposefully cheating troops on their federal student loans.

The main announcement late Thursday, of a decision previously reported by The Huffington Post, likewise comes in spite of the Education Departments own pending probe into evidence generated by the Justice Department that Sallie Mae and Navient overcharged some 60,000 soldiers by 10s of millions of dollars. The results of that probe likely will be made public this month, the Education Department has stated.

The two business settled the federal prosecutors allegations without confessing or denying wrongdoing. Education Secretary Arne Duncan stated in May that his department would further investigate their conduct without any presumption of sense of guilt or innocence. Navient was spun out from Sallie Mae earlier this year.

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