Among federal crackdown of companies serving student veterans, U.S. News and World Report releases rankings of best online programs
The treatment of veteran and military students has been in the news a lot lately — but for all the wrong reasons.
In May, student lender Sallie Mae agreed to pay more than $97 million in settlements to resolve allegations that it charged members of the military “excessive rates” on student loans.
Several departments, including the Department of Justice and the Federal Deposit Insurance Corporation, alleged that Sallie Mae violated the Servicemembers Civil Relief Act by improperly obtaining default judgements and by imposing interest rates that exceeded the 6 percent allowed by federal law.…Read More