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 Navie
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 after withdrawin
Continue Reading →What Happens Now: A Post Election Message
November 17, 2016
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Since the election of Donald Trump for President, we have heard from many people asking us, “what does this mean for student loan borrowers.” The honest answer is that we do not yet know. We have very little actual information about what the next administration plans, and it is still
Continue Reading →You can now complain to the CFPB about your federal student loans (and you should!)
August 23, 2016
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Last week, the Consumer Financial Protection Bureau’s (“CFPB”) Student Loan Ombudsman released its midyear report analyzing complaints submitted directly by consumers about their student loans. Importantly, the CFPB’s Student Loan Ombudsman announced that it is now officially acceptin
Continue Reading →Act Now: Robocalls and Texts May Be Coming to Delinquent Student Loan Borrowers’ Cell Phones Soon
May 11, 2016
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Student loan borrowers should be aware of a proposed rule by the Federal Communications Commission (FCC) issued on May 6, 2016. It implements a new law that allows robocalls and texts to be made to a cell phone without the consumer’s consent “to collect a debt owed to or guaranteed b
Continue Reading →Education Department’s Plan to Protect Student Loan Borrowers
May 05, 2016
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Last week was full of announcements about student loans. The U.S. Department of Education (ED), along with the Consumer Financial Protection Bureau and the U.S. Department of Treasury, announced last week that it plans to take steps to improve consumer protections and enhance the stud
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