Prehired to refund $30 million to student borrowers
"Income share" program left students mired in debt
Student Loans
Student loan relief announced for 804,000 borrowers
The action benefits borrowers who have been paying on their loans for decades
Colleges Offer Substandard Financial Services to Students, Report Finds
Many colleges offer financial services to their students that carry “junk fees” and terms that are no better, or even worse, than terms available on the open market, according a report released today by the Consumer Financial Protection Bureau (CFPB).
“Many college students trust that schools have their best interests
Biden Cancels Corinthian College Student Debt
The controversy swirling around student debt cancellation largely ignores the fact that many of those drowning in debt were enrolled at for-profit schools that provided education widely regarded as worthless.
Corinthian Colleges topped the list of for-profit schools that signed students up for federal loans and then delivered a substandard
Debt-Relief Scheme Targeted Student Borrowers, Must Pay $11 Million
Consumers burdened with student loan debt are a tempting target for scam artists. One company accused of bring an integral cog in such a scheme has been ordered to pay $11 million, including $8.7 million in refunds to consumers.
“Too often, bad actors take advantage of student loan borrowers
Edfinancial Fined for Misleading Student Borrowers
The latest development in the scandal-ridden student loan program involves a small Tennessee company, Edfinancial Services, ordered to pay a $1 million civil penalty for misleading student borrowers.
“Edfinancial’s failure to tell the full truth to borrowers, so it could pad its bottom line highlights a systemic problem with
Feds Warn Against Lies About Public Service Loan Forgiveness
The Consumer Financial Protection Bureau (CFPB) is warning student loan servicers not to make deceptive statements about loan forgiveness for students who go on to work in public service jobs.
“Illegal conduct by a student loan servicer can be ruinous for borrowers who miss out on the opportunity for debt