On February 2, 2010, Bloomberg reported that the largest student-loan company, SLM Corp (better known as Sallie Mae), is being sued by a borrower who claims to have been receiving harassing prerecorded phone calls on his cellular phone.  The complaint alleges that these harassing, unsolicited and never-consented-to phone calls are in violation of the Telephone Consumer Protection Act.  The proposed class-action suit seeks to represent tens of thousands of borrowers who claim to be receiving similar harassing phone calls. The lawsuit claims damages of at least $1,500 for each violation of the consumer-protection law.

The case is Arthur v. SLM Corp., U.S. District Court, Western District of Washington.   www.bloomberg.com/apps/news?pid=20670001&sid=a2YU3uqz9jzE