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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.
"Hey, it's Elizabeth with Student Advisors," a warm, professional voice began in a voicemail left on Sept. 13, weeks after the Biden administration announced it would be offering up to $20,000 in ...
That includes $14.5 billion in discharged debt related to the "closed school loan discharge" and "borrower loan defense discharge" programs, the latter of which is a legal ground borrowers can ...
Students studying at an unaccredited institution are never eligible for financial aid, including student loans, through any government agency. It is legal for the school itself or other private entities to offer financial assistance to students. Some unaccredited institutions and programs provide significant, legitimate academic work. [24]
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Since 1994, ECMC has operated in the areas of student loan bankruptcy management and loan collection. ECMC is one of a number of guaranty agencies that oversee student loans for the United States Department of Education. As a guarantor working on behalf of the U.S. Department of Education, ECMC charges fees to debtors and earns commissions from ...
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According to the Consumer Financial Protection Bureau, outstanding student loan debt is almost $1.2 trillion, and 7 million borrowers are in default on their student loans. Scam artists attract ...