Four Student Aid Lenders Settle False Claims Act Suit for Total of $57.75 Million
Four Student Aid Lenders Settle False Claims Act Suit for Total of $57.75 Million
Four student aid lenders have paid the United States a total of $57.75 million to resolve allegations that they improperly inflated their entitlement to certain interest rate subsidies from the U.S. Department of Education in violation of the False Claims Act.