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Despite Problems, Sallie Mae Keeps Ed Department’s Support
Education News: Despite determinations over the past 10 years that allege Sallie Mae, a company that offers loans to students, has harmed borrowers, incorrectly billed the department and had other servicing failures, the U.S. Department of Education has declined to levy any fines on the education finance giant. According to a recent letter, numerous problems are plaguing the company, but the Department of Education has recently considered renewing its lucrative contract.
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