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Watchdog says Education Dept. stonewalls student loan suit

A fight between two federal agencies over a lawsuit could leave student loan borrowers in the lurch......»»

Category: topSource: foxnewsJul 12th, 2018

Education Dept. Cancels Plan for New Student Loan System

Legal challenges forced the agency to scrap bids for a new website and other tech changes aimed at simplifying the repayment process for millions of borrowers......»»

Category: topSource: moneycentralDec 16th, 2018

Student loan company Navient used deceptive practices, Dept. of Education audit suggests - USA TODAY

USA TODAYStudent loan company Navient used deceptive practices, Dept. of Education audit suggestsUSA TODAYNEW YORK (AP) — One.....»»

Category: topSource: googlenewsNov 20th, 2018

CFPB says Department of Education is obstructing suit against student loan giant

The claim is the latest development in a battle over whether student loan companies’ relationship to the Department protect them from other legal challenges......»»

Category: topSource: marketwatchJul 13th, 2018

CFPB says Education Department is stonewalling its lawsuit against student-loan giant Navient

The nation's consumer watchdog agency is accu.....»»

Category: topSource: latimesJul 12th, 2018

Funding innovations connect a diverse workforce to real careers

As a country, we spend a lot of time lamenting our burdensome levels of student loan debt. Why don’t we spend more time thinking about ways to prevent it? Innovative solutions for funding higher education are out there.  Educational financin.....»»

Category: topSource: bizjournalsApr 11th, 2019

21 states to DeVos: Stop blocking our efforts to crack down on student-loan companies

In a letter, nearly two dozen attorneys general argue a policy quietly implemented by the Department of Education is ‘harming student-loan borrowers nationwide’.....»»

Category: topSource: marketwatchApr 5th, 2019

Education Department rejects nearly all applicants for a student loan forgiveness program

Tens of thousands of public servants have applied.....»»

Category: topSource: latimesApr 3rd, 2019

Staffing shortage at Education Department’s loan default units frustrates struggling borrowers

Security clearance delays is keeping the federal agency from filling out the ranks of a division that handles defaulted federal student loans......»»

Category: topSource: washpostMar 21st, 2019

Watchdog slams the Department of Education’s oversight of student-loan companies

The report highlights trends borrower advocates have complained about for years......»»

Category: topSource: marketwatchFeb 14th, 2019

New York reaches deal with student-loan company long accused of misleading borrowers

Conduent Education Services, formerly known as ACS, had troubled advocates for years......»»

Category: topSource: marketwatchJan 7th, 2019

Navient must face state’s suit on "predatory" student loan plans

Navient Corp., the biggest servicer of U.S. student loans, must face a state lawsuit alleging widespread deceptive practices and predatory conduct, this time in Pennsylvania......»»

Category: topSource: moneycentralDec 18th, 2018

Why Record $1.465 Trillion Student Debt Could Test U.S. Economy

Over 90% of student loans are guaranteed by the U.S. Department of Education U.S. student loan debt outstanding reached a record $1.465 trillion last month and one particular set of borrowers is .....»»

Category: europeSource: fortuneDec 17th, 2018

Obama-era rule leads to $150M in student loan forgiveness

The U.S. Education Department says it will start forgiving federal loans for 15,000 former students whose colleges closed before they could graduate......»»

Category: topSource: foxnewsDec 14th, 2018

Department of Education Cancels $150 Million in Student Loan Debt

For 15,000 borrowers whose colleges closed between 2013 and 2018. Thousands of Americans will have their student loan debt canceled, the U.S. Department of Education announced late Thursday. The move follows a ruling made by a.....»»

Category: europeSource: fortuneDec 14th, 2018

Scourge of student-loan defaults in Manhattan, Queens

Students at for-profit colleges in Manhattan and Queens are learning the hard way about the risks of education debt, a new report has found. The two boroughs are home to 10 for-profit colleges where... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkDec 7th, 2018

Watchdog group aims to spur action on student debt

A consumer group, led by people who quit the Trump administration, is forming in hopes of serving as a check on the student loan industry......»»

Category: topSource: washpostNov 29th, 2018

New watchdog group aims to spur action on student debt

A consumer group, led by people who quit the Trump administration, is forming in hopes of serving as a check on the student loan industry......»»

Category: topSource: washpostNov 28th, 2018

Ex-student loan official who resigned from CFPB in protest launches new watchdog group

The new group will help highlight the extent to which student debt affects borrowers from many different walks of life......»»

Category: topSource: marketwatchNov 28th, 2018

Education Department found indications of deceptive practices by Navient — and kept quiet

One of the nation's largest student loan servi.....»»

Category: topSource: latimesNov 20th, 2018

How student-loan debt affects the rest of your life (it’s not pretty)

New survey shows the human toll, forcing many to pay more for education bills than necessities......»»

Category: topSource: marketwatchNov 19th, 2018