A federal judge has recently granted final approval of an amended Sallie Mae class action lawsuit settlement. Sallie Mae agreed to pay $24.15 million to student loan borrowers as part of a class action lawsuit settlement to resolve allegations it violated the Telephone Consumer Protection Act, (TCPA) by making several robo-dialed calls and/or text messages to borrowers’ cell phones without their consent.

The original class action settlement agreement excluded Sallie Mae customers who had ever been 180 days or more delinquent on a Sallie Mae loan payment or who had already paid off their Sallie Mae loan balance. However, the new class action settlement agreement now includes these consumers.

Under the terms of the settlement, Sallie Mae agreed to pay settlement Class Members between $20 and $40 or reduce their principal balance if they received one of these automated calls between October 27, 2005 and September 14, 2010.

If you are receiving unwanted text messages from a company that you did not give permission to, you may be entitled to compensation. Please call my office,  The Law Offices of Todd M. Friedman for a free consultation (877) 449-8898.