1. dailynews

Student loan borrowers overcharged, lawsuit filed

March 20, 2007
A lawsuit filed against the U.S. Department of Education yesterday says the department essentially imposed late fees on more than 3 million student loan borrowers even though their payments were made on time. A computer glitch apparently caused the ...

A lawsuit filed against the U.S. Department of Education yesterday says the department essentially imposed late fees on more than 3 million student loan borrowers even though their payments were made on time. A computer glitch apparently caused the problem. It is unclear how much borrowers were overcharged.

Click here to read the Washington Post article.

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