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A borrower defense loan discharge occurs when a borrower can show that their college or university violated state law related to your student loan or related to the educational services provided ...
$1.4 million in relief for 280 borrowers who attended the Criminal Justice Program at Lincoln Technical Institute's campus in Lowell, Massachusetts, from 2010 to 2012 or the Somerville ...
The first group are borrower defense applicants who previously received a form denial notice from the Department of Education between December 2019 and October 2020 and attended certain for ...
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 ...
The Federal Direct Loan Program has accumulated a very large outstanding loan portfolio of about $1.5 trillion and this number will continue to rise along with the percentage of defaults. A common concern associated with the program is the effect on the economy and repercussions for students that must repay these loans.
On Wednesday, the federal Education Department approved $4.5 billion in student loan forgiveness for 261,000 former Ashford University students.
Payment protection insurance (PPI), also known as credit insurance, credit protection insurance, or loan repayment insurance, is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill, disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt.
Student loan reform advocates are suing the Biden-era Education Department (ED) over the slow-moving debt relief process for students who had been defrauded by a defunct for-profit college.