(Reuters) - "My understanding is that the Department of Justice is now looking at that audit," said House of Representatives Education and Labor Committee Chairman George Miller at a hearing where Education Secretary Margaret Spellings testified.
Nelnet said on Jan. 19 it agreed to a settlement with the Education Department over an audit by the department's inspector general of a Nelnet portfolio of loans that were getting special allowance payments under a 1980s loan program that guaranteed lenders a 9.5 percent interest rate.
Read more at Reuters.com Government Filings News
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