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. …
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 …
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 …
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. …
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 …
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 …
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’ …
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 …
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 …
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 …
