Chae v. SLM Corp.

GOULD, Circuit Judge:

Appellants urge error in the district court’s grant of summary judgment rejecting student borrowers’ claims that challenge loan servicer methods of calculating interest, assessing late fees and setting the repayment start date on their loans. We must determine the preemptive scope of the statutes and regulations governing lenders and third-party loan servicers under the Federal Family Education Loan Program of the Higher Education Act. We conclude that the student borrowers’ claims are preempted by this federal law and we affirm the district court’s grant of summary…