Paying off your student debt can be hard, and not just because of how much it costs. I’ve heard many stories about how student loan servicers (the company that sends you bills each month) can make the process of paying off your loans even more difficult. I hear from people… Read More»
It’s the time of the year when many similar stories surface announcing that this year’s class of graduating students will hold the most debt on record. Almost identical articles were written last year, and they will likely be written again next year. Yes, the class of 2015 holds the unfortunate… Read More»
Fifteen former students have launched the first-ever student loan debt strike in U.S. history. The strikers, dubbed the “Corinthian 15” after the now-bankrupt network of for-profit schools they attended, announced the strike with a simple message directed at the Department of Education: “We owe you nothing.” Last year, Corinthian Colleges,… Read More»
A new report released today by the Consumer Financial Protection Bureau (CFPB) reveals data that both federal and private student loan servicers are using illegal tactics to maximize their profits at the expense of borrowers. These illegal practices include charging unfair late fees and making harassing debt collection calls –… Read More»
We’ve all heard about the meteoric rise of student debt: it now totals over $1.2 trillion and affects more than 40 million Americans. And while stories often focus on the unsustainable rise in college tuition costs and the incredible pace at which this debt multiplies, we must also pay close… Read More»
Wall Street continues to eye higher education investments as a new way to increase their bottom line. As college costs increase and students go further into debt, Wall Street has made a killing on profits from higher education spending while students and taxpayers foot the bill. Below are some shocking… Read More»
On Tuesday, Jane Timm published a piece on MSNBC.com titled, “Students seek loan forgiveness in overwhelming numbers.” The piece claims that student loan borrowers are enrolling in the Department of Education’s flexible student loan repayment plans, some of which include debt forgiveness, in “record numbers.” Unfortunately, Timm drastically misses the… Read More»
New York Governor Andrew Cuomo announced earlier this week that his newly established Student Protection Unit had subpoenaed 13 student debt relief companies for potential exploitation of debtors. As Cuomo’s office explained, “Any company trying to sell students a raw deal using misleading or deceptive practices should know that we’ll… Read More»
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