96 Out of 28,000 Borrowers Approved for Public Service Loan Forgiveness … What Does This Mean for Everyone Else?
October 05, 2018
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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 percen
Continue Reading →Court Finds Policy Limiting Loan Relief to Corinthian Borrowers Illegal, Stops Loan Collection Until New Policy is Approved
June 26, 2018
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By the Project on Predatory Student Lending at the Legal Services Center of Harvard Law School, which is representing the plaintiffs in Calvillo Manriquez v. DeVos. This post originally appeared on https://predatorystudentlending.org/updates/update-preliminary-injunction-granted-what-
Continue Reading →Tax on Death and Disability Discharges Is Gone … For Now
February 08, 2018
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Student loan borrowers who apply to have their loans canceled due to their disability or the death of their child can worry about one less thing: possible tax consequences. When a borrower dies or becomes permanently disabled before paying off student loans, the loans can be discharge
Continue Reading →Earned Income Tax Credits Seized from Struggling Student Loan Borrowers
January 22, 2018
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Defaulted student loan borrowers planning to file their taxes should know that any refund they were expecting will likely wind up at the Department of Education (ED) instead of their bank account. Tax refund offsets are one of the powerful tools the government uses to collect def
Continue Reading →ED Turns 325,000 Student Loan Borrowers Over to Debt Collectors It Fired for Breaking the Law
December 14, 2017
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With nearly a quarter of federal student loan borrowers in default, borrowers need a system that will help them to successfully repay their loans. Unfortunately, the Department of Education continues to reward contractors that lie to borrowers and to incentivize programs that set borr
Continue Reading →Scammers Cost Student Loan Borrowers Millions of Dollars
October 18, 2017
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Many of the 44 million borrowers are struggling to repay their more than $1.4 trillion in student loan debt in the United States. The options for federal student loan borrowers can be good, but as the Consumer Financial Protection Bureau’s many reports and recent lawsuit against
Continue Reading →Student Loan Management When Disaster Strikes
September 13, 2017
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By Adam S. Minsky, Esq., Law Office of Adam S. Minsky, Boston, Massachusetts This post originally appeared on http://bostonstudentloanlawyer.com/student-loan-management-disaster-strikes/. It’s a scary time for millions of Americans right now. Much of eastern Texas has been decla
Continue Reading →Education Should Not Rush Into Another Failing Debt Collection Contract
August 16, 2017
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According to Politico, late Monday night, the Department of Education told a federal appeals court that a court order blocking its ability to send any newly defaulted student loan borrowers to its hired debt collectors has cost taxpayers more than $5 million in lost collections since
Continue Reading →Important Student Protections Now at Risk: Department of Education Announces Rewrite of Brand-New Borrower Defense and Gainful Employment Rules
July 05, 2017
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As recently as this April, we explained that Congress chose not to roll back the important protections for defrauded student loan borrowers provided by the Department of Education’s borrower defense rules. Unfortunately, the Department has not only delayed implementation of the
Continue Reading →Education’s New Servicing Plan Eliminates Helpful Options for Borrowers
June 16, 2017
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Earlier this week, over 150 Members of Congress sent a letter to Secretary of Education Betsy DeVos highlighting concerns surrounding the U.S. Department of Education’s (ED’s) decision to make changes to the student loan servicing contract procurement process. A month afte
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