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student loans News
Student lender Nelnet settles lawsuit for $55M
Student lender Nelnet said Friday it agreed to pay $55 million to settle a whistle-blower lawsuit that accused the company and nine other lenders of defrauding the U.S. government out of $1 billion.
Read more...3rd pleads guilty in Obama student loan case
A third former employee of a U.S Department of Education contractor has pleaded guilty to illegally accessing President Barack Obama's student loan records.
Read more...9 in Iowa plead not guilty in Obama loan case
Nine people charged with illegally accessing President Barack Obama's student loan records while employed for a Department of Education contractor in Iowa pleaded not guilty Monday in federal court.
Read more...Company fired 9 charged with accessing Obama loans
A Department of Education contractor in Iowa said Thursday that nine former employees charged with accessing President Barack Obama's student loan records were fired nearly a year ago.
Read more...Obama signs law finalizing health care, loan redo
Finalizing two major pieces of his agenda, President Barack Obama on Tuesday sealed his health care overhaul and made the government the primary lender to students by cutting banks out of the process.
Read more...Banks to lose billions in student loan revamp
Banks and other private lenders are about to lose a $70 billion-a-year student loan business, part of a massive overhaul of college assistance programs that has received an unexpected boost from President Barack Obama's health care success.
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