Watchdog blasts Education Department for sloppy oversight of loan-servicing contractors

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The agency's inspector general accused the Federal Student Aid office of wasting taxpayer dollars by failing to hold student loan servicing companies accountable for complying with the law.

 

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You want to stimulate the economy? Bail out the millions of us who are burdened by student loan debt we’ll never pay off. It’s the world’s largest payday loan scam and it’s time we hold the greedy accountable.

It's not sloppiness, they're willfully complicit.

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Federal Watchdog Issues Scathing Report On Ed Department's Handling Of Student LoansThe department's own inspector general says student loan companies aren't following the rules, and that the government isn't doing enough to hold them accountable. Thank you DeVos! 😡 In other news, the sky is blue. There’s a shocker....BDe strikes again!
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