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In fact, as tiny print at the bottom of the letters received, the company is a subsidary of the Students Loan Company.
On Monday, President Obama signed an executive order to help tackle America's growing student debt burden, a measure aimed at lowering students' loan payments.
Under what was titled the Bank on Students Loan Fairness Act, college students would get their loans from the federal government for one year at the same 0.75 percent interest rate the Fed charges banks.
"We need a passport office or a students loan company here in Tottenham – a major public sector employer that will do something about the acutely worrying levels of unemployment," he said.
The agency had warned that the school could be kicked out of federal student-aid programs for failing to give students loan funds left over after their tuition was covered, known as credit balance refunds.
The government is finally making it harder for for-profit schools to continue to ride the student-loan gravy train, requiring them to prove that, on average, students' loan payments amount to less than eight per cent of their annual income.
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Refinance student loans: Students loans have reached crisis levels.
"She had student loan debt.
Higher student loan payments".
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You have student loan debt.
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CEO of Professional Science Editing for Scientists @ prosciediting.com