Education Department Nears Deal With Student Loan Giant Over Cheating Troops

http://www.huffingtonpost.com/2015/04/16/navient-military-settlement_n_7082944.html

The U.S. Department of Education is nearing a deal with Navient Corp., the student loan giant formerly known as Sallie Mae, over allegations the company cheated active-duty troops on federal student loans, a department official said Thursday.

The agreement likely would end the Education Department’s much-delayed and heavily-criticized probe into whether the nation’s largest student loan specialist — a major government contractor — broke the law that caps interest rates and provides other special financial protections for active-duty members of the military…

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