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Sallie Mae might racially discriminate in its student loan underwriting process.
Investigation Source
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Over Charge
- Excessive or Unauthorized Interest Rates
- Education
- Excessive or Unauthorized Fees
- Racial Discrimination
- Student Loans
- Excessive Interest Rate
Product or Service
- Student Loan
Injury Type
- Monetary Loss
Investigation Details
This is a broad investigation and pending class action against Sallie Mae alleging its lending practices discriminate against African Americans and Hispanics.
One focus of our investigation concerns allegations that Sallie Mae's private student loan underwriting process discriminates against minorities attending schools with a high percentage of minority students.
The investigation has broaden to a review of the following sets of facts: Unfair collection practices, failure to timely disclose terms of loans, no choice in selecting your student loan lender, high or excessive interest rates, unexplained increase in the balance of your student loans and improper fees assessed on your student loans.
One focus of our investigation concerns allegations that Sallie Mae's private student loan underwriting process discriminates against minorities attending schools with a high percentage of minority students.
The investigation has broaden to a review of the following sets of facts: Unfair collection practices, failure to timely disclose terms of loans, no choice in selecting your student loan lender, high or excessive interest rates, unexplained increase in the balance of your student loans and improper fees assessed on your student loans.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Sallie Mae (SLM Corporation) (SLM) | Sallie Mae, also known as SLM Corporation, through its subsidiaries, provides education finance in the United States. |