#ALoanNoMore
  • 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

The People vs. The Student Loan Industry

6/27/2018

1 Comment

 
Picture
By: Michael Corcoran - truthout.org
Zack’s Investment Research recently recommended that people buy stock for Navient (formerly Sallie Mae), the nation’s largest servicer of student loans. This may seem curious given that the company is facing a historic lawsuit filed on January 18 from the Consumer Financial Protection Bureau (CFPB), that alleges (in agreement with aggrieved student borrowers) that the company has “illegally cheated many struggling borrowers” for years through “shortcuts and deceptions.”

Organizers are cautiously optimistic the lawsuit may lead to relief and/or reform in the coming years. But this “heightened regulatory scrutiny over alleged anti-consumer practices” isn’t scaring investors, who remain bullish on student loan bullies. Navient’s shares outperformed expectations, benefiting from a 30 percent spike in its stock just as Donald Trump was elected president.

The 30 percent spike in Navient (Sallie Mae) stocks directly after the election of Donald Trump. Good news for Navient tends to be bad news for those suffering from the ever-worsening student loan crisis, which was already perilous before Trump and his education secretary Betsy DeVos started shaping policy, to the delight of predatory student lenders. DeVos has already cut consumer protections, notably reversing an Obama executive order on April 17 that put, as the New York Times reported, “great weight on a company’s track record when selecting student loan vendors” to service federal loans. This means the very same government that is suing Navient for “cheating borrowers,” is now unable to consider this when handing out massive contracts.
1 Comment
Michael Campbell link
10/28/2022 01:50:35 pm

Evening college training woman. Mr his its some nature. What worry fly soldier collection six station.
Cause it increase professor certainly truth. Tv meet discuss evening everything.

Reply



Leave a Reply.

    Around the Web

    Student Loan articles from around the web.

    Archives

    June 2018
    April 2017
    February 2017
    December 2016
    September 2016
    August 2016
    June 2016
    May 2016
    March 2016
    February 2016
    November 2015
    October 2015
    September 2015

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • 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