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Capturing the fresh Student loan Scandal Underneath the Rug

This new education loan community must imagine all of us have short recollections. Within its work so you’re able to derail guidelines who get rid of the fresh new Government Family members Education loan (FFEL) program, lenders were revealing talking situations that have Senators and you will teams arguing that “pay for enjoy” scandals one to engulfed this new education loan world into the 2007 were much ado on the nothing.

“Once comprehensive analysis from the Congress and various county Attorneys Standard, there were zero results you to definitely one personnel otherwise a lender otherwise university broke one laws, nor are there any unlawful charges levied,” lenders blogged for the speaking items – and this Highest Ed Check out has actually received – that were distributed to Senate personnel.

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