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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.” ...
As of this year, Americans now owe $1.77 trillion in federal and private student loan debt and while the Biden administration tried to decrease that amount, the Supreme Court issued a decision ...
The California companies used promises of “Biden Loan Forgiveness” to scam several borrowers, the FTC says. Companies preyed on student loan borrowers and made $8.8 million in scam, feds say ...
The New York Attorney General, Andrew Cuomo, began an investigation on September 15, 2009, to ensure that state grants given to ACORN were properly spent. [66] The New York City Council suspended all ACORN grants while the Brooklyn District Attorney's Office conducted an investigation into the circumstances surrounding the videos. [67]
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] StudentLoanJustice.org has 16,080 members in its Facebook group [ 2 ] and additional members in its various mailers and lists.
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.
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 ...
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 ...