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Government sues America’s largest student loan company for cheating borrowers
WASHINGTON, D.C. -- Sallie Mae has long drawn the ire of student loan borrowers struggling to pay back their debt. But as it turns out, they might have had a real reason to complain. On Wednesday, the federal government sued Navient, formerly part of Sallie Mae, for allegedly cheating borrowers out of their repayment rights. And two additional lawsuits, filed by Attorneys General in Illinois and Washington, named both Navient and Sallie Mae.