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Department of Education found that GCU lied to students about the cost to attend doctorate programs. Student loans: Grand Canyon University fined $37.7M for 'deceptive' practices [Video] Skip to ...
In federal fiscal year 2014, the Consumer Financial Protection Bureau received more than 5,300 complaints from consumers about their private student loans.The Department of Education ombudsman ...
There were around 7.5 million federal student loan borrowers in default, the Education Department said in 2022, when it launched its mulligan program. That grim figure led to comparisons with the ...
In 2018, the group joined the American Federation of Teachers to launch an investigation into the failure of the Public Service Loan Forgiveness program. [15] Over the course of three years, Student Borrower Protection Center supported litigation by teachers and uncovered evidence of government mismanagement and industry abuses across the student loan system, including evidence that Public ...
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 ...
The arm that managed private and federal student loans was known as ACS Education Services. The Department of Education dropped ACS’ loan servicing contract in 2013, though ACS continued to ...
United States Department of Education, 370 F. Supp. 3d 1 (D.D.C. 2019), was a case filed in December 2016 in the United States District Court for the District of Columbia that reached its final resolution in February 2020, in which the ABA and four individual public interest lawyers (two of whom were former ABA employees) succeeded in ...
An Education Department spokesperson declined to comment on the case but stressed it "will continue to fight for borrowers across the country who are struggling to repay their federal student loans."