28 novembre 2019

FTC Takes Student Debt Relief Company to Court

HomeBy Rick Seltzer. FTC wins restraining order against group it alleges portrayed itself as affiliated with the Department of Education before charging borrowers for services it misrepresented. More...

Posté par pcassuto à 21:08 - - Permalien [#]

27 novembre 2019

Feds Cancel Loans for 1,500 Former Dream Center Students

HomeBy Paul Fain. The U.S. Department of Education on Friday said it was canceling 4,000 student loans taken out by roughly 1,500 students who last year attended the Art Institute of Colorado or the Illinois Institute of Art. More...

Posté par pcassuto à 23:48 - - Permalien [#]

24 novembre 2019

How Student Debt is Disrupting Life Chances and Widening the Racial Wealth Gap

Techno-News BlogThe current higher education financing regime sediments and exacerbates inequality, and student loans adversely affect the Black-White racial wealth gap.6 Black students—and students at for-profit universities, who are more likely to be students of color—often face the greatest challenges as they try to finance their degrees with student loans. More...

Posté par pcassuto à 18:37 - - Permalien [#]

27 octobre 2019

A Clean Loan Ledger for New Graduates

HomeBy Marjorie Valbrun. Billionaire donor's pledge to Morehouse College graduating Class of 2019 will wipe out $34 million in student loan debt owed by students and parents. More...

Posté par pcassuto à 18:43 - - Permalien [#]

Massachusetts AG Sues DeVos Over Debt Relief

HomeBy Andrew Kreighbaum. Massachusetts attorney general Maura Healey filed a lawsuit Tuesday against Education Secretary Betsy DeVos and the Education Department seeking debt cancellation for 7,200 former Corinthian Colleges students. More...

Posté par pcassuto à 18:33 - - Permalien [#]

Trump Official to Campaign on Student Debt Relief

HomeBy Andrew Kreighbaum. A Trump administration official, who until last year oversaw the $1.5 trillion federal student loan portfolio, said Thursday he was stepping down to run for the U.S. Senate as a Republican. And he said his signature issue would be canceling massive amounts of student loan debt. More...

Posté par pcassuto à 18:26 - - Permalien [#]

CFPB Investigating Loan Program at College Chain

HomeBy Andrew Kreighbaum. The Consumer Financial Protection Bureau is looking into loans and other financing offered to students by the Center for Excellence in Higher Education, which operates the College America and the Stevens-Henager College chains. More...

Posté par pcassuto à 18:11 - - Permalien [#]

Misplaced Student Loan Blame

HomeBy Andrew Kreighbaum. During a U.S. House of Representatives subcommittee hearing on the Public Service Loan Forgiveness program last month, Democrats held a seat open for the top executive from a loan servicer responsible for managing the program. More...

Posté par pcassuto à 18:04 - - Permalien [#]

Lifting the Curtain on Income-Share Agreements

HomeBy Andrew Kreighbaum. Income-share agreements are drawing attention from lawmakers, although relatively few students so far have signed up for the loan alternative. Two organizations with markedly different approaches are looking to change that. More...

Posté par pcassuto à 17:59 - - Permalien [#]

Student Loan Default Rate Continues to Decline

HomeBy Andrew Kreighbaum. Data released by the Education Department Wednesday showed that the share of borrowers defaulting on their student loans has declined for the sixth straight year. More...

Posté par pcassuto à 17:58 - - Permalien [#]