Miller Statement on Service Member Loan Abuses by Sallie Mae
WASHINGTON—U.S. Rep. George Miller (D-Calif.), senior Democrat on the House Committee on Education and the Workforce, released the following statement after today’s announcement of the federal government’s settlement with Sallie Mae to resolve allegations that the loan servicer violated the Servicemembers Civil Relief Act.
“The Department of Justice and other federal regulators today stood up to defend the rights of our nation’s service members and the benefits they have earned. Our nation’s students shoulder more than $1.2 trillion in student loan debt and deserve to know that the servicers of their loans are not endangering their financial futures by failing to comply with the law. There is no place in the federal student loan program for companies that would deceive or deprive borrowers of guaranteed protections or benefits. The Secretary of Education must take this opportunity to make sure all federal student loan servicers are playing by the rules and impose the appropriate sanctions if they are not.”
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