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Nearly All Department of Education Loan Programs Seemingly Broken Under DeVos

The Department of Education under Betsy DeVos seems to be broken when it comes to overseeing student loan programs. Deep issues are preventing debtors from getting access to programs and forgiveness under the law. The biggest broken programs are Public Service Loan Forgiveness, Borrower Defense to Repayment, Closed School Discharges, and now a new class-action … Read more

Congressional Ordered Sequestration Raises Student Loan Fees and Lowers Loan Amounts

The Department of Education has just announced that due to mandatory federal budget cuts put in place by the “sequester” in 2011, fees for new federal student loans will go up. The loan fee for Direct Loans will now be 1.069% and for Direct PLUS Loans it will be 4.276%. Iraq and Afghanistan Service Grants … Read more