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International Education Corporation aimed to maximize enrollment and profits by manipulating test outcomes to benefit from the federal student aid program, according to an investigation.
Aside from federal options, there are only two Florida-specific loan repayment programs that can lead to forgiveness, which are aimed at specific occupations — attorneys and nurses. The federal ...
Federal and state regulators are working to protect student loan borrowers from unfair lending practices. To date, six states and the District of Columbia have increased efforts to reduce ...
In 2021, student loan servicers began dropping out of the federal student loan business, including FedLoan Servicing on July 8, Granite State Management and Resources on July 20, and Navient on September 28. [40] According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing does not cover all ...
The Higher Education Act has been proposed as a potential way to cancel student loan debt. According to a paper by the Legal Services Center at Harvard Law School and commissioned by Senator Elizabeth Warren in September 2020, the Secretary of Education may be able to cancel student loan debt. [54] Following Biden v.
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, for-profit colleges, and other financial companies operating in the ...