Accounts Receivable & Withheld Transcripts: The Quiet Higher Ed Crisis That States Could be Tackling
by Deanne Loonin
You might think that struggling student loan borrowers face enough stress and pain from the government’s extreme student loan collection powers. This is sadly not the case. Many states have compounded borrowers’ pain by suspending or revoking professional licenses of borrowers in default on student loans. Even that is not enough. Schools often pile on […]
Since you must work for 10 years in a qualifying job to get public service loan forgiveness and the program only started in late 2007, borrowers have only recently become eligible for relief. Unfortunately, so far, more than 99 out of every 100 public service workers who applied for loan forgiveness were rejected. Among other […]
Mandatory Wage Garnishment for All Student Loan Borrowers?
by Persis Yu
Last week, Senator Lamar Alexander, the Chair of the U.S. Senate Committee on Health, Education, Labor and Pensions, proposed a program that would require student loan borrowers to repay their loans through mandatory automatic deductions from their paychecks. Yesterday, the National Consumer Law Center released a policy brief, The Dark Side of Payroll Withholding to Repay Student Loans, […]
Lawsuit Calls on Department of Education to Provide Relief to Students Whose Schools Closed
closed school discharge, Federal student loans, lawsuit
By Margaret Mattes Tens of thousands of student borrowers unable to complete their educations at the approximately 1473 postsecondary schools or campuses that closed between November 2013 and November 2015 nationwide are now entitled to have their federal student loans immediately discharged—i.e., cancelled. As of October 16, 2018, the U.S. Department of Education is legally […]
96 Out of 28,000 Borrowers Approved for Public Service Loan Forgiveness … What Does This Mean for Everyone Else?
department of education, Federal student loans, IBR, Income-driven repayment, Public Service Loan Forgiveness
It has been one year since student loan borrowers have been theoretically eligible to have their loans forgiven under the Public Service Loan Forgiveness (PSLF) program. And yet, out of the 28,000 borrowers who applied, only 96 have had their loans forgiven. That is less than 1 percent of applicants. That number is shocking and […]
Tell Betsy DeVos: Cheated Students Deserve Loan Refunds and Keep Big Business Out of Higher Ed
By Higher Ed Not Debt The Department of Education wants your opinion! Under the “borrower defense” rule, the federal government will give you loan relief if you were misled or lied to by your college. The “gainful employment” rule is supposed to ensure that colleges do not leave graduates with very low earnings and high […]
Who is the Department of Education Looking Out For? Another Delay of Student Protections Follows a String of Actions Protecting Industry Profits Over Students
department of education, For-Profit schools, online schools
Today, the Department of Education announced that it does not plan to implement new rules designed to protect students in online degree programs from being taken advantage of by schools that load students up with debt but offer useless degrees. The “Program Integrity and Improvement” rules (also known as the “State Authorization of Distance Education” […]