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Senator Elizabeth Warren has achieved a narrow but significant victory in the battle against corporate student loan lender greed.

Sallie Mae and Navient Corps. have come under heat for using taxpayer-subsidized funding to reduce its own operating costs without passing the savings to student loan borrowers--the very people Sallie Mae and Navient Corps. claims to serve.

Warren began campaigning against the current system two years ago, when it became clear that Federal Home Loan Banks--a creation of Congress during the Great Depression in 1932--was using its unique access to cheap loans to pad its own bottom line. The original goal of the Federal Home Loan Banks was to make homeownership more affordable by “lending cheaply to financial companies that in turn pledge home mortgages as collateral.”

However, the lenders have been abusing the system and stretching the limits of acceptable behavior for years.

Since 1999, the Federal Home Loan Bank of Des Moines has been lending to student borrowers with government-insured loans, through the Federal Family Education Loan Program, although in this capacity, of course, there is no connection to home ownership.

Speaking to the Huffington Post, higher education expert Barmak Nassirian explained the injustice. "Navient has always had privileged access to cheap capital,” adding that “they’ve always justified this in very highfalutin language -- ‘What’s good for them is good for the country’ -- but they’ve never passed on any of the comparative savings that they’ve enjoyed to the intended beneficiaries: students. The criticism [Warren] has directed at the company has proven to be right at every turn.”

Essentially, the lenders use the rhetoric of students go to college and college is good for the economy, but take no risks with the loans because if a student defaults, the burden is placed on the taxpayers. It is the perfect scheme.

But Elizabeth Warren, Democrat from Massachusetts has waged a campaign against their corporate greed, and for once, it seems to have worked.

Shares in Navient have come down more than ten percent just this week, with its stock plunging 48 percent in total in 2015.

The problem with the scheme, other than the clear injustice of it, Warren says is that it undermines legitimate homeownership and student borrowing, two staple characteristics of the eroding middle class.

In fact, Warren said at a Congressional hearing in 2013 that the “high student loans have created a barrier to people trying to buy their first homes.”

“I was surprised that a Federal Home Loan Bank has been making available an $8.5 billion line of credit to the nation’s largest private student loan company, Sallie Mae. The federal home loan banks were established to expand homeownership but now it seems they are undermining that goal by helping finance student loan debt,” she added.

Student loan debt in the U.S. has reached and passed the $1 trillion mark, with little hope of abating.

In a related excess by private student loan lenders, a bill was just approve last week which exempts the U.S. Department of Education from obeying a 1991 law that prevents automated debt collection calls.

The Telephone Consumer Protection Act outlawed “robocalls,” an automated dialing service which companies use to harass consumers.

Four senators, including Elizabeth Warren, sent a letter to Education Secretary Arne Duncan urging him not to allow these calls until the FCC can create rules for the DoE exemption.

“We are concerned that this provision will subject student loan borrowers to a barrage of unsolicited calls — and possibly leave them with no refuge to stop the calls,” the letter reads, also signed by Edward J. Markey, Senators Mike Lee and Orrin Hatch, Republicans from Utah.