The Student Loan Marketing Association scored a victory last week in its legal challenge of a government-imposed fee on securitized student loans.

The U.S. Court of Appeals for the District of Columbia Circuit ruled Friday that the Department of Education used the wrong legal theory when it imposed a 30-basis-point fee on student loans that Sallie Mae acquired after Aug. 10, 1993.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.