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Elizabeth Warren and the Department of Education

3/30/2016

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Student Loan Servicing Fundamentals

Navient, one of the biggest student loan servicers in the country, got caught cheating American soldiers on their student loans. Instead of holding Navient accountable, the Department of Education’s student loan bank covered for them in ways that independent investigators said were “unsupported and inaccurate.” It’s an outrageous story, but it’s not surprising.It’s long past time for the Department of Education’s bank to clean up its act and start running the student loan program to benefit students – not private companies like Navient. I’ve laid out five simple reform fundamentals to guide that effort. Everyone in government who is serious about standing up for the tens of millions of student loan borrowers in this country should embrace them.

Posted by U.S. Senator Elizabeth Warren on Wednesday, March 30, 2016
U.S. Senator Elizabeth Warren
Navient, one of the biggest student loan servicers in the country, got caught cheating American soldiers on their student loans. Instead of holding Navient accountable, the Department of Education’s student loan bank covered for them in ways that independent investigators said were “unsupported and inaccurate.” It’s an outrageous story, but it’s not surprising.

It’s long past time for the Department of Education’s bank to clean up its act and start running the student loan program to benefit students – not private companies like Navient. I’ve laid out five simple reform fundamentals to guide that effort. Everyone in government who is serious about standing up for the tens of millions of student loan borrowers in this country should embrace them.
​

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  • Home
  • Where Do I Start?
  • Know Your Loans
  • Defense To Repayment
    • Denials - Defense To Repayment
  • Private Schools
    • Argosy University
    • Art Institutes
    • Brown Mackie College
    • Corinthian Colleges Inc.
    • DeVry University
    • ITT Technical Institute
    • South University
    • University of Phoenix
    • Westwood College
  • Lenders
    • ACS
    • AES
    • Firstmark
    • Great Lakes
    • Navient/Sallie Mae
    • Nelnet
    • University Accounting Services, LLC
    • Wells Fargo
  • For-Profit Companies
    • Alta Colleges Inc.
    • Apollo Education Group
    • Bridgepoint Education
    • Career Education Corporation
    • Corinthian Colleges, Inc.
    • DeVry Education Group
    • Dream Center
    • EDMC
    • ITT Educational Services, Inc.
  • News Feed
  • Contact/Help
  • Donate