The U.S. Department of Education (Department) released final regulations that streamline and improve the rules for major targeted debt relief programs. The regulations expand eligibility, remove barriers to relief, and encourage automatic discharges for borrowers eligible for loan relief because their school closed, they have a total and permanent disability, or their loan was falsely …
The Department of Education announced a set of proposed changes to federal student loan programs. It is interesting to note what is missing here. The two biggest fixes that are needed are the restoration of the discharge of student loan debt in bankruptcy as a regular debt and a fix for the spousal consolidation loan …
Question: Dear Steve, Hi Steve! I finished school at the International Academy of Design and Technology in 2007. I recently learned the school closed, possibly due to fraud. Can I apply for the closed school loan discharge? I don’t fall under the 3 main ways to get the loans discharged but since the school was …
You have no idea how many cases or documents I read on a daily basis. The vast majority of information never reaches the site because it is not news or information worthy. But this lawsuit filed Solimar and Linnette has to be one of the stranger situations I’ve seen when it comes to student loans. …
The next installment of the 2017 lawsuit against the Department of Education played out recently. The issue surrounds students who went to a Corinthian College that was supposed to forgive all the federal student loan debt of students who were the victims of education fraud. Yesterday U.S. Magistrate Judge Sallie Kim who is hearing the …
Question: Dear Steve, I went to Hallmark Institute of Photography, took out almost 80K in student loans from both Granite State and Sallie Mae. Maybe 6 months after I finished the program (10 month accelerated photography program supposed to equal a bachelors degree) the school closed due to the president being caught embezzling 2.6 million …
The Trump Department of Education has been the enemy of student loan debtors and often, common sense. Secretary of Education Betsy DeVos recently gave the nod to finally forgiven $150 million in student loan debts, but only after being pushed by the court to do so. She was unwilling to do the right thing on …
The Department of Education Borrower Defense to Repayment has officially gone from being a blessing to a joke and now to essentially lights out. Education Secretary Betsy DeVos has made it clear that she feels forgiving federal student loans for students who are victims of school fraud is wasteful. She’s said, “all one had to …
The Federal Student Aid office in the Department of Education has updated their advice and information on what to do if your school closed. The information contains links and state specific contact information and in general is very helpful. Frankly I’m shocked the DeVos Department of Education would be this open on how to discharge …
Question: Dear Steve, I attended Collins College in Phoenix Arizona in the early 2010s. I took out a number of federal and private student loans to pay for the schooling, in the amount of ~$80k total. I did complete the courses and received a degree; however, Collins College never received its accreditation and closed within …