... a company called Nelnet has successfully bilked the Department of Education out of $278 million taxpayer dollars by exploiting a loophole in the payment laws and billing the government for student loans at a rate much more than they agreed to take. Once this was discovered the Department of Education immediately told Nelnet that it can keep its ill-gotten gains if it promises not to do it any more. If you add in other lenders, the estimate of the money literally stolen out of our pockets raises another $330 million.
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Disclaimer: Colorization, mine.
While not a "surprise," this is one more reprehensible act that needs to be addressed by those whom we have elected to represent our interests and PROTECT us within our Government! Can the American Taxpayer accept less?
