Report: Education Department review flawed on loans
WASHINGTON (AP) — The Education Department conducted a flawed review of whether student loan servicers followed the law and provided interest rate caps on loans to military personnel, and then released inaccurate information about that review to the public, according to the agency's inspector general.
A report from the IG's office released Tuesday says the department had a faulty sampling design that meant it tested too few borrowers for the interest rate cap, as well as other errors in how the review was conducted.
[...] the press release about the review last May was "unsupported and inaccurate," the report said.