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Fixing America’s student loan mess

As student debt swelled to $1.4 trillion in recent years while wages remained flat, millions of borrowers signed up for government plans. ||| New York - Two years ago, America’s biggest labour unions urged the Obama administration to cancel its lucrative contract with Navient, once known as student debt collector Sallie Mae. Last year, union leader Randi Weingarten upped the ante, referring to the company - the nation’s largest college loan servicer - as a “known predatory actor” whose “profit-taking has contributed to the wage stagnation of an entire generation.
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