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US Department of Education

A class action lawsuit has been filed against the department for breach of contract on behalf of all individuals who have been obligated to repay consolidated education loans at any time since March 2001 pursuant to a Federal Direct Consolidation Loan Promissory Note. The lawsuit was filed in the United States District Court for the District of Columbia against the US Department of Education for allegedly systematically and unlawfully capitalizing interest that accrues on consolidated student loans between the borrower's June payment date and June 30th.

There are more than three million consolidated student loan borrowers with aggregate debt obligations in excess of $72 billion. The government's practice directly contravenes the student loan documents and costs the borrowers, in the aggregate, millions of dollars each year.

US Department of Education Legal Help

If you have suffered damages in this student loan interest case, please click the link below to send your US Department of Education complaint to a lawyer who will evaluate your claim at no cost or obligation.

Last updated on Mar-26-07