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 →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 bulk o
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 →Parent PLUS Borrowers Lose Affordable Repayment Option Under Trump’s Budget
May 31, 2017
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Last Thursday, President Trump announced his budget plan, which includes some dramatic changes for student loan borrowers. One of these big changes is to income-driven repayment. The budget proposes to eliminate the multiple existing income-driven repayment plans and replace them with
Continue Reading →Will Congress Finally Stop Taxing Disabled Student Loan Borrowers and Bereaved Parents?
February 16, 2017
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It is a little known fact that a forgiven student loan is usually treated as income for tax purposes. While some types of student loan cancellations (e.g. Public Service Loan Forgiveness, closed-school, etc.) are exempt from taxation, forgiveness of the debt due to disability and deat
Continue Reading →Student Loan Relief for ITT Students Part 3: Student Claims in the ITT Bankruptcy Proceeding
January 04, 2017
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There are no easy answers for former ITT Tech students struggling with student loan debt, but there are a number of actions these students can consider to try to get rid of any unfair debt. Closed School Discharge, Borrower Defenses, State Tuition Recovery Funds In previous posts, we
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 →Student Loan Relief for ITT Students Part 2: Answers to Common Questions about Closed School Discharges
October 06, 2016
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The rules around closed school discharges can be confusing—for students and for those trying to assist them—and good information can unfortunately be hard to find. We have heard that a lot of incorrect information is circulating on message boards. It’s important to know the facts be
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