Betsy DeVos has reached an ethics agreement with the government requiring her to divest from 102 different assets within 90 days of being confirmed as Donald Trump’s education secretary. Here’s the best part: DeVos listed on her financial...Show More Summary
Allegations against student loan servicing company appear to follow a tainted pattern.
It looks like students have had a reason to complain about deceptive lending practice and outrageously high student loan debt after all. Lawsuits filed on Wednesday against the nation’s largest student loan lender Navient, and it’s lending...Show More Summary
Nearly 40% of student loan borrowers are concerned that Donald Trump's administration will negatively impact their student loans, according to a new survey from Student Loan Hero. As the country moves into a new era of governance, some graduates are concerned that an already-difficult student debt situation will get worse. Show More Summary
If you're a college student, you might not be thinking about your student loans yet, but you should be. Here are some simple steps you can take right now to best prepare to for your student loans and reduce post-grad stress.
If you have a student loan serviced by Navient, here's what you need to know.
The Consumer Financial Protection Bureau accused Navient, the nation’s largest student loan servicer, of much wrongdoing. Here’s how to steer clear of problems.
If you have a federally guaranteed student loan, there should be no need to default no matter your income
The Consumer Financial Protection Bureau sued the nation’s largest servicer of student loans Wednesday, alleging that Navient Corp. cheated borrowers, resulting in higher payments for Americans struggling to payback their student loans. The federal consumer agency said that Navient, formerly...
``The latest unfabricated data [suggests] that loan delinquencies are rapidly rising toward 50% across most of America's colleges... the US is facing a default problem of staggering proportions. Recall that back in December 2014, The...Show More Summary
The largest U.S. collector of student loan payments is accused of engaging in the sloppiness and misleading tactics seen in the subprime market.
The Education Department told the Charlotte School of Law that its students would not be eligible for federal aid because it did not meet standards.
People who feel they have been wronged by student loan servicer Navient Corp. have a few options for what to do next, a student loan expert said. Navient, which used to be part of Sallie Mae and is the nation’s largest servicer of student loans, was sued Wednesday by the Consumer Financial Protection...
A government lawsuit accusing Navient of misleading borrowers raises issues similar to those that tripped up subprime lenders a decade ago.
Another fine mess … when the Federal government takes over the student loan market which is now over $1 trillion. The post Another Fine Mess! At Least Half of Students Defaulted or Failed to Pay Down Debt Within 7 Years was originally published at The Wall Street Examiner. Follow the money!
The U.S. Consumer Financial Protection Bureau is suing Navient Corp., the nation’s largest student loan servicer, accusing it of “systematically and illegally failing borrowers at every stage of repayment,” according to a press release Wednesday. Show More Summary
Navient, formerly a part of Sallie Mae, services about $300 billion in student loans — or about 12 million borrowers. Video provided by Newsy
Ever since 2012 we have warned that one of the biggest threats arising from the US student loan bubble - which is no longer disputed by anyone except perhaps members of the outgoing administration - is not that it is soaring at an unprecedented...Show More Summary
“Time will tell” what impact these lawsuits have on borrowers. Borrowers should regularly check their student loan accounts to make sure their loans are being serviced correctly.
The Consumer Financial Protection Bureau believes the country's largest student loan company "systematically and illegally" failed borrowers at "every stage of repayment." Student loan debt is the second-highest level of consumer debt in the country at $1.2 trillion. Show More Summary