Apr
23
Should DeVos Block an Embattled Student Loan Giant’s Expansion?
ByMonths after state and federal regulators sued Navient Corp. for “systematically” cheating student debtors, the company wants to add more borrowers.
Student loan giant Navient Corp. shouldn’t be allowed to buy $3.7 billion of federal student loans from JPMorgan Chase & Co., current and former government officials have said, because pending government allegations of wrongdoing against the company raise concerns that new customers would similarly be mistreated.
David Bergeron, a former senior U.S. Department of Education official who served under Republican and Democratic administrations, called on Education Secretary Betsy DeVos to block the planned transaction…
Should DeVos Block an Embattled Student Loan Giant’s Expansion?
