As Students Return to College, Student Loan Fraudsters Rejoice

By: Monday August 16, 2010 8:45 am

Nelnet improperly exploits a loophole in the student lending regulations for years, and then last Friday afternoon settled a $1+ billion student loan fraud case for $55 million, just as college students head back to campus. Lovely.

But I’m sure that nothing like this could happen with insurance companies and the Health Insurance reform regulations, or the Wall Street firms and the FinReg rules . . .

Welcome back to campus, everyone.

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