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A federal judge last week denied a request to halt a $6 billion class-action settlement over student loans in which about 200,000 borrowers claimed they were defrauded by the schools they attended....
Another 68,000 people who had filed borrower defense applications for schools that weren’t on the settlement list won’t be presumed to deserve relief but will get decisions about their loans ...
'A day I never thought would happen'. The PSLF program, created by Congress in 2007, enables government and non-profit employees with federally-backed student loans to apply for forgiveness after ...
A separate whistleblower lawsuit, filed by a former South University recruiter, was initiated in January 2010 and officially filed in March 2012. This lawsuit alleged that the company deliberately misclassified data to inflate the job-placement rates of its graduates and make the school more attractive to prospective students.
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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.
MyRichUncle's co-founders, Raza Khan and Vishal Garg, met at Stuyvesant High School in New York City and attended New York University together. [2] [3] In June 1999, Khan and Garg incorporated Iempower Inc., planning to enable investors to purchase an economic share of an individual's future income stream for a set amount of time. [4]
The U.S. Education Department is promising to process student loan forgiveness claims for nearly 170,000 borrowers within 18 months as part of a proposed settlement announced Friday in a federal ...