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So far, the adminisrtation has canceled $153 billion in student loan debt for nearly 4.3 million people, including another $7.4 billion i n forgiveness on April 12, just in time for tax day.
Frere charged up to $800 in illegal upfront fees, required $100 to $1,200 in advance fees for enrollment in a "financial education" program, and monthly payments of up to $99 that were supposedly ...
More than 7,100 student loan borrowers will receive $3.5 million in refund checks after a consumer protection agency said they were scammed by a student debt relief company in renegotiating ...
Public Service Loan Forgiveness. The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time ...
On Monday, President Joe Biden formally announced the opening of the federal student debt cancellation application, following a "beta" test of the process over the weekend which had drawn in 8 ...
Student loan debt has become a huge burden on recent college graduates, with figures from credit-reporting agency TransUnion showing that the average student loan balance approached $30,000 this year.
After a yearslong fight between the government and student loan debt relief scammers, the Federal Trade Commission said it is processing over $4 million in refunds to student loan borrowers.
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 ...
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