State Senator Steve Sweeney: Investigate HESAA!
Due to overwhelming evidence from borrowers, the Higher Education Student Assistance Authority or HESAA has been harassing and intimidating students who are in default but also average borrowers in good standing. In HESAA's role as guarantor of roughly $1.6 billion in student loans and state aid to students, they have failed to inform prospective borrowers that they are a profit making entity that are hawking high interest, subsidized loans. In 2007 the Star Ledger exposed the organizations acceptance of kick backs from Sallie Mae, who bribed HESAA to promote Sallie Mae to students over other, cheaper options.
We are the constituents in New Jersey who went to college in order to better ourselves, meanwhile we have this corrupt agency harassing and intimidating us into paying exhorbitant monthly payments that not even a State Senator could afford. Senator Sweeney, do the right thing. Launch an investigation into the collections tactics of this corrupt state agency.