Congressional probe of student loans widens

From Reuters:

Senate investigators have obtained information indicating lenders may have told a borrower's spouse that the borrower would go to jail if he did not pay, which is "a blatantly false assertion," said Kennedy, a Massachusetts Democrat.

Investigators are also looking into whether lenders have refused to negotiate with borrowers on payment deferment, called borrowers on the job after being told to stop, harassed borrowers' neighbors, family and co-workers and used profane language to intimidate borrowers.

Kennedy asked Fitzpatrick to provide information about Sallie Mae's collection practices under the federally guaranteed student loan system.

Sallie Mae spokesman Tom Joyce said, "It is a shame that Senator Kennedy's staff is continuing to investigate through press releases ... The media received this letter before we did."

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As a college student, this kind of ruffles my feathers. The quote from the Sallie Mae spokesman kind of gives away that they're organization is pretty douche bagged, "It is a shame that Senator Kennedy's staff is continuing to investigate through press releases." Yeah, didn't give you enough time to cover this stuff? Wish they'd have told you about it and negotiated to keep it quiet instead of getting the bad press?

Okay, maybe nothing happened. I kinda just wanted to blog cuz I haven't done very much lately.