Stephen Burd
Recently, The new York Moments had a pay facts on the legal actions one the state Attorneys General inside Washington and you may Illinois has submitted up against Navient, the personal student loan providers previously called Sallie Mae. These litigation accuse this business of experiencing generated subprime personal finance in order to getting-cash children whilst it know that most of those low-income and working-class students couldn't be able to pay them right back. This is certainly a topic one I'm a little always, because I've authored repeatedly throughout the Sallie Mae's predatory credit practices since the We entered This new America when you look at the 2007. In the interest of getting way more record on this subject question, below are a few key parts We have discussed the niche more the years. (Editor's Note: The links found in postings from our previous blog Large Ed View no further works.):
“Category Action Lawsuit Challenges Sallie Mae's Subprime Lending Techniques” (3/): Within Large Ed Observe post, I wrote regarding the case one Sallie Mae investors produced facing the organization.