Student Loan Consolidation Programs

« Kennedy Outraged at 9.5% Student Loans | Main | Student Loans and the New Zealand Elections »

Sallie Mae Student Loan Lender Lawsuit

Fox Business reports that Drier LLP has announced a class action lawsuit against the Student Loan lender SLM (Sallie Mae).

Drier LLP alleges that the SLM corporation violated the Securities Exchange Act of 1934. The class action lawsuit alleges that the company made intentionally misleading statements about its performance and financial results.

We aren't finance or securities experts but really, does this surprise anyone?? Chances are it doesn't surprise anyone who has actually borrowed from Sallie Mae as I have personally. At-any-rate here's the link to the full story at Fox Business.

http://www.foxbusiness.com/markets/industries/finance/article/dreier-llp-announces-class-action-lawsuit-slm-corporation-slm_466266_9.html

Posted by nicod3mus on February 12, 2008 08:31 AM |

TrackBack

TrackBack URL for this entry:
http://allstudentloanconsolidationprograms.com/blog-mt/mt-tb.fcgi/56


Hosting by Yahoo!

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)