Student Loans

The millions of consumers struggling to pay off student loan debt constitute a fertile field for unscrupulous scam artists, many peddling debt-relief schemes that do nothing but drain the victims’ checking account. One such company, the Federal Trade Commission charges, is Automatic Funds Transfer Service, a payment processor that the

A large group of Online Trading Academy customers will have their debts erased under a proposed settlement with the Federal Trade Commission. It’s the second shoe to drop in the OTA case. In September 2020, OTA was ordered to pay refunds of more than $10 million to consumers who

Payday loans are often described as the ultimate form of predatory lending but a new study suggests student loans may be in the same league. The study found that nearly two-thirds of students who made payments during the pandemic pause were underwater on their loans – meaning they owe more than

Again this year, new and returning college students face health threats from Covid-19, raising concerns about vaccines, masks, crowded events, dorm living and so forth. But something else to be concerned about is financial health, often jeopardized by poor financial habits, scams, and super-sized student loans. Although they’re often

Even better than delaying final exams, the Biden administration is extending the moratorium on federal student loan payments through Jan. 31, 2022, averting a deadline that had been set for the end of this month. But like a teacher cautioning that this would be the last warning, the Education Department