March 19, 2018
A Pennsylvania-based student loan servicer dodged a proposed class action Monday claiming it illegally converted federal teaching grants to loans, when an Ohio federal judge found allegations under the Racketeer Influenced and Corrupt Organizations Act and for unjust enrichment fell short of pleading requirements.
January 06, 2017
A Pennsylvania-based student loan servicer has been improperly converting federal teaching grants into loans for its own financial gain in violation of the Racketeer Influenced and Corrupt Organizations Act, according to two teachers who filed a proposed class action against the company Friday in Ohio federal court.