Student Loans

Student Loan Debt Holding Individuals Back: Report

Student loan debt is keeping a lot of people from accomplishing their financial objectives, according to a report released by the National Association of Realtors, including buying a home, taking a vacation, and starting a family, while also forcing more individuals to take second jobs or work where they are …

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CFPB Takes Enforcement Action Against ISA Provider

The Consumer Financial Protection Bureau yesterday announced an enforcement action against an income share agreement provider that was accused of misrepresenting its product and failing to comply with federal law governing private student loans. The consent order, against Better Future Forward, requires the company to stop misleading borrowers, eliminate prepayment …

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N.Y. AG Vows to Overhaul Student Loan Collection Practices

The Attorney General of New York is seeking ways to overhaul how unpaid student loans are collected, especially those incurred by individuals attending State University of New York schools, because a little-known regulation allows the AG to file suit in State Supreme Court in Albany, N.Y., regardless of where the …

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Consumer Advocacy Report Details Number of Individuals Still Making Student Loan Payments During Pandemic Who are Underwater

A pair of national consumer advocacy groups are calling on the federal government to cancel student loan debts “across-the-board” as a means of helping individuals improve their financial futures, after analyzing more than 400,000 loans being serviced by Navient. The analysis looked at individuals who are in income-driven repayment plans …

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