Student Loan Allegations
Thursday, June 18, 2009
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A former employee claims Sallie Mae, the nation's largest underwriter of federally guaranteed student loans, used questionable tactics to get loan amounts to balloon. David Brancaccio of NOW on PBS reports on the allegations and Sallie Mae's response tonight on NBR. The report is part of a NOW special to air Friday on PBS.
Tell your student loan story to NOW.
Learn more about student loans and student debt on the the June 19, 2009 edition of NOW on PBS (check local listings).
Related NBR Stories & Links
- 07-01-09: College Lenders Get Back to Business Just in Time for the New School Year
- 04-23-08: Uncle SAM May Soon be Offering Student Loans
- 04-21-08: Sallie Mae Needs Financial Aid from the Treasury Department
- 04-15-08: The Sub-Prime Mortgage Mess Threatens Student Loans
External Links/Articles*
- College Scholarships.org
College Scholarships.org is a website created to "serve people who are interested in college funding." This links to a section of the website titled, "Life After College: Your Forbearance Options." Forbearance is a practice discussed in David Brancaccio's report. - Sallie Mae
Sallie Mae is a provider of "federal and private student loans for undergraduate and graduate students and their parents." This links to a section of the Sallie Mae website that explains forbearance, which is discussed in David Brancaccio's report. - Sallie Mae's Response to NOW
Read the email exchange between NOW on PBS producers and representatives from Sallie Mae. In the email exchange, the Sallie Mae representative answers questions about lending tactics and training. - Shareholder Lawsuit Against Sallie Mae (PDF Document)
This lawsuit brought by Sallie Mae shareholders is mentioned in David Brancaccio's report. The document is hosted on the NOW on PBS website. - Zahara Lawsuit Against Sallie Mae (PDF Document)
Former Sallie Mae employee, Michael Zahara, filed a lawsuit against the company under the Federal False Claims Act. Zahara is interviewed in David Brancaccio's report. The document is hosted on the NOW on PBS website. - Zahara Lawsuit Timeline
NOW on PBS put together this timeline to detail the events related to Michael Zahara's lawsuit against Sallie Mae.
*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.
