Stephen Burd

Recently, The York Times had a wages tale on lawsuits you to the state Attorneys General inside Washington and you will Illinois have filed up against Navient, the non-public student loan team previously also known as Sallie Mae. These lawsuits accuse this provider of experiencing made subprime individual financing so you’re able to to have-funds youngsters while it know that all ones low-earnings and dealing-class children could not be able to pay them right back. This is exactly an interest you to I am some always, since I have written many times on the Sallie Mae’s predatory lending methods because the I joined The latest The united states in 2007. In the interests of providing a lot more history about topic, here are a few trick bits We have discussed the subject more than the years. (Editor’s Mention: Backlinks found in postings from your previous web log Large Ed Watch no further performs.):

“Classification Step Suit Pressures Sallie Mae’s Subprime Financing Means” (3/): Within this Large Ed Check out post, We composed throughout the a lawsuit one Sallie Mae shareholders put facing the business.Continue Reading..