AP Exclusive: Gov't questions unfair student loan practices
Source: Associated Press
Ken Sweet, Ap Business Writer
Updated 2:45 pm CST, Tuesday, November 20, 2018
NEW YORK (AP) — One of the nation's largest student loan servicing companies may have driven tens of thousands of borrowers struggling with their debts into higher-cost repayment plans.
That's the finding of a Department of Education audit of practices at Navient Corp., the nation's third-largest student loan servicing company.
The conclusions of the 2017 audit, which until now have been kept from the public and were obtained by The Associated Press, appear to support federal and state lawsuits that accuse Navient of boosting its profits by steering some borrowers into the high-cost plans without discussing options that would have been less costly in the long run.
The education department has not shared the audit's findings with the plaintiffs in the lawsuits. In fact, even while knowing of its conclusions, the department repeatedly argued that state and other federal authorities do not have jurisdiction over Navient's business practices.
Read more: https://www.chron.com/news/education/article/AP-Exclusive-Audit-points-to-deceptive-practices-13409084.php
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ain't it grand.
Much like many of the ills in our society. 
