In student borrowers’ claims challenging loan servicer methods of calculating interest, assessing late fees and setting the repayment start date on their loans, summary judgment for defendants is affirmed where the statutes and regulations governing lenders and third-party loan servicers under the Federal Family Education Loan Program of the Higher Education Act preempted plaintiffs’ claims.
Read Chae v. SLM Corp., No. 08-56154
Appellate Information
Argued and Submitted November 5, 2009
Filed January 25, 2010
Judges
Opinion by Judge Gould
Counsel
For Appellants:
William J. Genego, Nasatir, Hirsch, Podberesky & Genego, Santa Monica, CA
Michael D. Braun, Braun Law Group, P.C., Los Angeles, CA
For Appellees:
Julia B. Strickland, Lisa M. Simonetti, and David W. Moon, Stroock & Stroock & Lavan LLP, Los Angeles, CA
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