Debt Relief Firms Tricked Students into High Fees, CFPB SaysWASHINGTON - The Consumer Financial Protection Bureau took action Thursday against two companies for allegedly running "scams" that promised relief for struggling student loan borrowers.Witkowski, Rachel...
"Through these important partnerships with states' attorneys general, we are pleased to offer relief to Corinthian students who were defrauded," King said. "And we will continue to take action to protect students and taxpayers from unscrupulous companies trying to profit off of students who simply ...
President Joe Biden on Tuesday said he is forgiving $130 million in student debt for 7,400 borrowers who attended CollegeAmerica in Colorado, a defunct for-profit college that shut down in 2020 after misleading students about their career prospects and loans. The debt will be forgiven ...
Whether you just graduated from high school, took some time away from academics, or are returning for a master’s degree or career change, it’s never too late (or too early) to obtain the education you want. But figuring out college debt relief and navigating the world of college ...
And the plan would also create some incentives for black students and lower-income families, such as a fund with at least $50 million for historically black colleges and universities. Like anything, the devil will be in the details. Not all loan forgiveness programs have delivered the benef...
Scammers know students struggle with debt, so they've created phony loan "debt relief" companies that promise to help for a price. Here's what to watch out for.
Students from "low-financial value" programs. Republicans may try again to stop relief plan For critics of broad student loan forgiveness, Biden's new plan looks a lot like his first. After Biden touted his revised relief program, Missouri Attorney General Andrew Bailey, a Republican,wrote on ...
The plan, known as Pay As You Earn, caps monthly payments for many recent graduates at an amount that is affordable based on their annual income. This new option follows through on President Obama’s promise to provide student graduates with relief on their student loan payments and help them...
If a university or school closes while enrolled, students may be eligible for the discharge of their federal student loan. Any relief mentioned in this article applies to federal student loans. Those with private student loans must check with theloan provider for repayment assistance. Debt Relief ...
Acting under the Higher Education Relief Opportunities for Students Act of 2003, the Biden administration had sought to provide direct relief to students, canceling up to $20,000 in debt for Pell Grant recipients and $10,000 in debt for other federal student loan borrowers. But the U.S. Sup...