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CFPB warns Student Loan Borrowers Bad Information Can Cost You

Consumer Financial Protection Bureau

      Incorrect information about your college enrollment status can cost you warns the Consumer Financial Protection Bureau.  In a Consumer Advisory published February 27th, the CFPB outlined the ways the bad information about enrollment status can wreak havoc for student borrowers. Student loan borrowers report problems while pursuing a degree, when they leave school and […]

Largest Student Loan Servicer Accused of Cheating Borrowers

Consumer Financial Protection Bureau

      Navient corp. formerly part of Sallie Mae has been sued the Consumer Financial Protection Bureau a federal consumer agency.  The CFPB is alleging that Navient has deceived and cheated Americans struggling to pay back their private and federal student loans. The CFPB is alleging that student borrowers were provided with inaccurate information, […]

Stop Losing Social Security Benefits to Student Debt

Older Man with Head in Hand

Older Americans who rely on Social Security benefits to live are being pushed below federal poverty guidelines due to garnishment of their benefits to pay federal student loans.

ITT Tech files for Bankruptcy

ITT Tech

ITT filed bankruptcy to liquidate its business. Students left in limbo.

ITT Tech shuts down ALL its schools

ITT Tech

Following the announcement in August that ITT Education Services, Inc. (ITT) would no longer be enrolling new students, today it was announced the for-profit college was closing all campuses nationwide. The shutdown is expected to affect the more than 30,000 students preparing to start classes. In August the Department of Education banned enrolling new students who used federal aid following determinations made […]