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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 ...
A federal court approved a settlement between the Department of Education and around 200,000 student loan borrowers on Wednesday for $6 billion in loan relief, as the borrowers argued the ...
Borrowers who think GCU made misrepresentations may qualify for borrower’s defense discharge and should apply online or call the Department of Education’s hotline at (855) 279-6207 if they ...
The Supreme Court decided Friday to take up the Biden administration’s appeal defending its proposal to ease applications for the Borrower Defense student debt relief program. In a brief order ...
The latest round of relief mostly comes through a program known as borrower defense, which allows students to get their loans canceled if they're cheated or misled by their colleges. It was created in 1994 but rarely used until a wave of high-profile for-profit college scandals during the Obama administration.
It became the DFPI in 2020 with the passage of the California Consumer Financial Protection Law (CCFPL). [2] Formation of State Banking Department (1909) and State Corporations Department (1913) In 1909, California passed the Bank Act, creating the State Banking Department.
On November 17, 2022, Alsup ruled in favor of 200,000 student loan borrowers in a class action lawsuit who claim that they were defrauded by for-profit colleges/universities. Alsup calls the program's backlog "an impossible quagmire... As of now, approximately 443,000 borrowers have pending borrower-defense applications. That is a staggering ...
On Wednesday, the federal Education Department approved $4.5 billion in student loan forgiveness for 261,000 former Ashford University students.