MT SupCo reinstates suit accusing student-loan company of fraud

A Montana college graduate, who accused a national student-loan agency of bungling his opportunity to have his loans forgiven, can sue the firm in state court, the Montana Supreme Court has ruled.

The high court last week unanimously overturned a lower-court decision that said federal law pre-empted James Reavis’s ability to sue the Pennsylvania Higher Education Assistance Agency, which services millions of dollars in federal student loans nationwide.