Update on Case Against Premier Student Loan Center

It appears the case against Consumer Advocacy Center and Premier Student Loan Center is still under management by the Court Appointed Receiver. What follows is the Receiver’s update for activities between May 1, 2021 to October 31, 2021. Premier Student Loan Center Case Summary I. RECEIVERSHIP ACTIVITIES During this period, the Receiver and his team …

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New Stats Out Paint Depressing Outlook on Student Loans

The Consumer Financial Protection Bureau just published their annual report on student loans. Some of the data jumped out at me. Fun Facts Students who take out college loans but don’t graduate are three times more likely to default than borrowers who complete. The average amount of recent defaults, as of March 31, 2020, is …

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Venable Attorneys Win a Divorce From Albert Kim and Kaine Wen

Last week we had the messy divorce between Albert Kim and Kaine Wen and their attorneys at Venable in the action against Premier Student Loan Center. Venable was caught in a tough spot with the “it’s not us, it’s you” dilemma, and anyway it was said Wen and Kim were not going to be able …

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