Elizabeth Warren actually said...

Just because you have a low default rate does not mean that individuals are not mired in high amounts of debt.

This is going to add to their debt burden and ultimately may drown them.

When loan servicers break the rules, they push borrowers to do things that are good for the bottom line of the servicer.

Well put, Mr. Hubbard. You know, about a quarter of Sallie Mae's loan portfolio is in deferment or forbearance.