The U.S. Department of Education (Department) announced it will discharge all remaining federal student loans borrowed to attend any campus owned or operated by Corinthian Colleges Inc. (Corinthian) from its founding in 1995 through its closure in April 2015. This will result in 560,000 borrowers receiving $5.8 billion in full loan discharges. This includes borrowers …
I admit there is nothing in this world that represents true justice or fairness. No matter what side you are on, not everyone is going to be happy with any resolution. But this Borrower Defense to Repayment program has been a total mess. Students who were defrauded by their schools were entitled to have only …
It blows my mind the number of people that work hard every day to try and eliminate the Consumer Financial Protection Bureau. The CFPB does a lot of good work to otherwise help protect consumers who would not get relief. Without the CFPB there would not be anywhere as near as many settlements that have …
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 …
Students who previously submitted Borrower Defense to Repayment claims to have their Corinthian Colleges (Everest, Heald, and WyoTech) student loans forgiven may have received an important email that went into spam. If you did previously submit a claim, look for an email from a noreply@studentloans.gov email address with the term “Borrower Defense Claim” in the …
Man there are great journalists out there and Shahien Nasiripour has been crushing it in the student loan segment. Shahien is reporting that the Department of Education has been trying to collect on student loans it promised to forgive under the Borrower Defense to Repayment strategy. Under this approach, students with federal student loan debt …
Question: Dear Steve, My girlfriend who works for the VA went to Everest to get her LPN license, she did, has never received any loan forgiveness, we have contacted several agencies and have gotten the run around, we have even contacted the Consumers Financial Protection Bureau, have not heard anything. Who does Dawn need to …
The U.S. Department of Education announced today that students who were defrauded at 91 former Corinthian Colleges Inc. (Corinthian) campuses nationwide have a clear path to loan forgiveness under evidence uncovered by the Department while working with multiple state attorneys general. These campuses represent the largest group of borrowers eligible for loan relief so far …
Question: Dear Steve, My son had a Sallie Mae student loan…it was sold to Navient which turned it into a private loan or so they tell me. We have tried the loan forgiveness or reduction twice with no results because it’s a private loan. The lender as so stated on his account site says “Navient …
Yesterday, the U.S. Department of Education announced new steps to protect students from abusive for-profit colleges, as well as a new debt relief process for students at Corinthian Colleges – which operated schools under the names Everest, Heald, and Wyotech. Information for borrowers is available at the Federal Student Aid (FSA) website, at our new …