Student Loans

The Senate yesterday joined the House of Representatives in passing legislation aimed at overturning a rule from the Department of Education that would have limited which individuals are entitled to debt relief for their unpaid student loans, which could end up being a symbolic move if President Trump decides to …

A District Court judge in the District of Columbia has granted motions to dismiss filed by the remaining defendants in a whistleblower’s False Claims Act lawsuit that alleges the a number of debt collectors defrauded the federal government of more than $100 million in relation to a contract to service …

Eight Senate Democrats are calling on Kathleen Kraninger, the director of the Consumer Financial Protection Bureau, to “do your job” and “stand up” to Betsy DeVos, the Secretary of Education, over an “abandonment” of regulating part of the student loan servicing market. The Democrats, including Sen. Elizabeth Warren [D-Mass.] and …

A group of 20 Democratic Senators, including four of whom are currently running for president, sent a letter on Monday to Kathleen Kraninger, the director of the Consumer Financial Protection Bureau, requesting an investigation into how a student loan servicer’s “widespread violations of federal law” is causing “harm” to public …

A federal judge in California has imposed a $100,000 fine on Education Secretary Betsy DeVos after ruling she was in contempt of court for continuing to collect on student loans even though a court order had prohibited her from doing so. The proceeds from the fine will be put toward …

A group of 7,200 former Corinthian College students, along with the attorney general of Massachusetts filed lawsuits yesterday against Education Secretary Betsy DeVos and the Department of Education, accusing it of not following the law by refusing to cancel fraudulent student loans that were made to the plaintiffs. A copy …

A Magistrate Judge in California decided to delay a determination of whether to hold Education Secretary Betsy DeVos in contempt of court yesterday, but did say she was “astounded” at the “gross negligence” of the department in collecting on prohibited loans made to former students of Corinthian College. “I’m not …

A hearing is being held today to determine whether Betsy DeVos, the Secretary of Education, should be held in contempt of court for allegedly continuing to collect on loans made to former students of the bankrupt, for-profit Corinthian College, in violation of a court order prohibiting those collection efforts. The …

A service that aims to help individuals pay off their student loans in the most efficient way possible has raised $10 million in venture capital funding. Called Summer, the service aims to give users a 360-degree analysis of their student loan situation and offer options, such as student loan forgiveness …

A government watchdog had some pretty harsh words for the Department of Education and how it has chosen to implement a program aimed at forgiving the student loans of individuals who work in public service, which perhaps explains why 99% of those who apply for the program are being denied. …