Student Loans

Not to be outdone by a proposal that would eliminate $50,000 of student loan debt for per individual, Sen. Bernie Sanders [I-Vt.] announced a plan yesterday to cancel all $1.6 trillion of outstanding student loans for any undergraduate or graduate programs across the country. Senate Bill 1947 would amend the …

Sen. Elizabeth Warren [D-Mass.] and Rep. James Clyburn [D-S.C.], are planning to introduce legislation in both the House of Representatives and Senate to eliminate $50,000 of student loan debt for all Americans, which would cancel the student loan debt for 75% of borrowers, according to a release from both lawmakers. …

The attorneys general from 47 states, a number of American territories, and Washington, D.C., have submitted a request to the Department of Education seeking to discharge the student loan debts of veterans who are totally and permanently disabled or otherwise unemployable. “As a nation, we have a moral obligation to …

Are student loan collectors targeting individuals in neighborhoods and cities that are largely comprised of minorities? That is one claim being made by the National Consumer Law Center, which recently released a report, which attempted to correlate lawsuits filed against individuals with defaulted student loans and where those individuals live. …

The Department of Education — and some of the private collection agencies it uses to collect on unpaid student loans — are understaffed and that is causing a customer service problem for individuals who are seeking information about why their tax refunds are being withheld to cover unpaid debts, according …

The Federal Student Aid (FSA) office, a unit of the Department of Education that offers student loans, has not established policies and procedures to make sure that entities servicing loans on behalf of the government are making the changes they are supposed to make when the entities fail to comply …

The New York Department of Financial Services and the Attorney General of New York announced on Friday that Conduent Education Services has agreed to pay $9 million in fines and penalties for “engaging in practices” that harmed student loan borrowers, including misinforming them that they had to pay the delinquent …

The Department of Education has rejected more than 99% of the applications filed by public servants seeking to have their student loans forgiven, although the number of individuals who have been approved under the program is increasing. So far, 206 individuals have had their applications approved, as of Sept. 30, …

A federal judge in Pennsylvania has denied a motion to dismiss a lawsuit filed by the state against Navient, ruling that the suit is not pre-empted by a similar suit filed against the company by the Bureau of Consumer Financial Protection.  A copy of the ruling can be accessed by …

For the first time in six years, the Bureau of Consumer Financial Protection has apparently elected not to issue a statutorily mandated report analyzing complaints related to student loans filed by individuals, according to a published report.  The agency is required to submit the report on the same day to …