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Education

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. …

Education

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 …

Education

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 …

Education / Money / Scams

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. …

Education

Loans Forgiven for Students at DeVry, Other For-Profit Schools

The U.S. Department of Education continues sifting through claims from former students at for-profit universities and is forgiving $415 million in loans owed by students at DeVry University and other …

Education

Student Lender Navient to Pay $1.85 Billion to Borrowers

Giant student loan servicer Navient has agreed to pay $1.85 billion to student loan borrowers nationwide, settling a lawsuit filed by a coalition of state attorneys general in 2009. The …

Education / Money / Scams

Student Debt Scheme Netted $31 Million, Feds Charge

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’ …

Education

Online Trading Academy Customers In Line For Debt Forgiveness

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 …

Education

For-Profit Colleges Warned about False Promises

The Federal Trade Commission has warned 70 for-profit colleges to be careful. The agency is cracking down on false promises about the jobs and salaries graduates can expect and warning …

Education / Money

Many Student Borrowers are Underwater, Paying Interest on Interest

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 …

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