By 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...
28 novembre 2019
27 novembre 2019
Feds Cancel Loans for 1,500 Former Dream Center Students
By 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...
24 novembre 2019
How Student Debt is Disrupting Life Chances and Widening the Racial Wealth Gap
The 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...
27 octobre 2019
A Clean Loan Ledger for New Graduates
By 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...
27 octobre 2019
Massachusetts AG Sues DeVos Over Debt Relief
By 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...
27 octobre 2019
Trump Official to Campaign on Student Debt Relief
By 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...
27 octobre 2019
CFPB Investigating Loan Program at College Chain
By 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...
27 octobre 2019
Misplaced Student Loan Blame
By 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...
27 octobre 2019
Lifting the Curtain on Income-Share Agreements
By 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...
27 octobre 2019
Student Loan Default Rate Continues to Decline
By 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...
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