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How to avoid student loan scams. Getting a bunch of texts, emails and calls about student loan forgiveness? Scams come in different forms, so it’s best to take extra caution. Here are a few ways ...
Student Loan Consolidation Scams. The Texas Office of the Attorney General plainly states, “If a company charges you money upfront to consolidate your federal student loans, it is a scam.” ...
Cultura RF/Getty Images Student loan debt has become a huge burden on recent college graduates, with figures from credit-reporting agency TransUnion showing that the average student loan balance ...
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Specifically, the organization calls for the return of standard consumer protections to student loans, including bankruptcy protections and statutes of limitations. The organization also calls for the removal of exemptions given uniquely to the student loan industry from Fair Debt Collection Practices Act, the Truth in Lending Act, and state usury laws. [1]
On Monday, President Joe Biden formally announced the opening of the federal student debt cancellation application, following a "beta" test of the process over the weekend which had drawn in 8 ...
Alaburda, a 2008 honors graduate, claimed that despite graduating at the top of her class and passing the California bar exam, she was unable to find suitable legal employment, and had incurred more than $150,000 in student loan debt. This is the first time a law school would stand trial for allegedly inflating its employment statistics.
Also in August, the FTC shut down additional scams operations that falsely promised to reduce or eliminate student loan payments under "Biden Loan Forgiveness," even though the president’s up to ...