The Student Borrower Protection Center (SBPC) today sued the federal government and issued a report on the student loan experience for incarcerated borrowers. In its first lawsuit against the U.S. Department of Education, SBPC is seeking to compel the production of documents under the Freedom of Information Act (FOIA). The request concerns the federal government […]
Category Archives: Student Loans
The Federal Trade Commission has stopped a pair of student loan debt relief schemes that it says bilked students out of approximately $12 million by using deceptive claims about repayment programs and loan forgiveness that did not exist. The agency also says the companies falsely claimed to be or be affiliated with the Department of […]
Here (behind paywall). The information ultimately comes from the Department of Education.
That’s the name of this essay from the Student Borrower Protection Center.
A few interesting updates concerning student-loan forgiveness or discharge care of Politico this morning: An Education Department judge plans to hold a hearing next week on DeVry University’s appeal of a $23 million penalty stemming from fraud-related loan discharges for its former students. Two for-profit education companies and a non-profit college are appealing a settlement, […]
The Department of Education announced today a proposal to “to reduce the cost of federal student loan payments, especially for low and middle-income borrowers.” The Department says that the proposed regulations “would create the most affordable income-driven repayment (IDR) plan that has ever been made available to student loan borrowers, simplify the program, and eliminate […]
Daniel Collier, Assistant Professor of Adult and Higher Education, University of Memphis and Dan Fitzpatrick, Research and Assessment Specialist, University of Michigan, have written Jubilee and Jubilation: An Examination of the Relationship between Public Service Loan Forgiveness and Measures of Well-Being. Here is the abstract: A team of researchers at the University of Memphis and the […]
Claire Johnson Raba of Irvine has written Co-Opting California Courts: How Private Creditors Have Turned the Judiciary Into a Predatory Student Debt Collection Machine. Here is the abstract: In a report, Claire Johnson Raba, a SBPC fellow and clinical teaching fellow at the University of California Irvine School of Law’s Consumer Law Clinic, shows the […]
Matthew A. Bruckner of Howard and CJ Ryan of Louisville and the American Bar Foundation have written The Magic of Fintech? Insights for a Regulatory Agenda from Analyzing Student Loan Complaints Filed with the CFPB, Dickinson Law Review, Forthcoming 2022. Here’s the abstract: This paper looks at consumer complaints about student loan lenders and servicers […]
Here, from Business Insider. Painful reading, especially for those of us in education.