Nelnet will pay $55-million to settle its share of a whistle-blower lawsuit that accuses it and several other lenders of defrauding taxpayers of more than a billion dollars in student-loan subsidies.
The settlement, which Nelnet announced late Friday, is the latest to result from a lawsuit brought by Jon H. Oberg, a former Education Department researcher, on behalf of the federal government.
Rerad the article: http://chronicle.com/article/Nelnet-to-Pay-55-Million-to/123912/?sid=at&utm_source=at&utm_medium=en