- Associated Press - Thursday, June 29, 2017

HARRISBURG, Pa. (AP) - The Massachusetts attorney general is telling Pennsylvania’s student loan agency it’s under investigation for “consumer protection” issues related to federally-backed student loans.

The Morning Call newspaper of Allentown reported Thursday (https://bit.ly/2toiCk8 ) the board chairman of the Pennsylvania Higher Education Assistance Agency confirmed that Massachusetts Attorney General Maura Healey disclosed the investigation in a letter last week.

The newspaper says Healey may demand refunds.

The student loan agency operates two corporate units that together manage and collect more than $392 billion in student loans. It also is distributing about $400 million in grants this year.

The agency employs about 3,600 people and is overseen by a 20-member board that includes 16 state lawmakers.


Information from: The Morning Call, https://www.mcall.com



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