Sallie Mae and the U.S. Department of Education (ED) could both be in hot water with the nation's largest educational debt company after it discovered numerous federal violations, the Huffington Post reported.

The Federal Deposit Insurance Corp. (FDIC) notified Sallie Mae a month ago it intended to enforce accusations of potential "unfair and deceptive" and "discriminatory lending" violations. Additionally, the largest student loan lender is being accused of violating the Servicemembers Civil Relief Act.

The FDIC's enforcement action, along with a probe from the Department of Justice (DOJ), which enforces the Servicemembers Civil Relief Act, could jeopardize Sallie Mae's contracts with its biggest contractor. Sallie Mae has received upwards of $300 million in government contracts from ED since 2009.

Its current contract, up for renewal in June, also requires Sallie Mae to observe federal laws, including the servicemen laws.

"We are continuing to look into this matter and await additional details from Sallie Mae and the FDIC before determining how to proceed," said Chris Greene, Education Department spokesman.

The sanctions and potential violations have led student advocates, military representatives and lawmakers to urge ED to heighten the pressure on Sallie Mae.

"There is never an excuse for any lender or servicer to violate the rights of our servicemembers, and anyone who breaks the laws that protect our military families should be held fully accountable," said Sen. Elizabeth Warren (D-Mass.).

As the Huffington Post previously reported, Sallie Mae and other lending companies have already been investigated for suspicion of failing to lower interest rates for members of the army. Special counsel for fair lending in DOJ's Civil Rights Division Eric Halperin's investigation is ongoing.

"A number of federal agencies are responsible for overseeing Sallie Mae, and Sallie Mae derives benefits from its relationship with the government," Warren added. "Those agencies should use every tool at their disposal to make certain that any wrongdoing is discovered, is stopped, and never happens again."

Further details of the violations were not made public, but Sallie Mae could have to reimburse people affected by them, as well as pay hefty fines to the government.