Tag: Student Loans

Navient Corporation

Navient Agrees to $1.7-Billion Settlement for Abusive Lending Practices Impacting Thousands of US College Students

The price of a college education continues to be a stumbling block to many across the country. According to the Education Data Initiative, an estimated 43.2 million individuals are currently paying off loans with an average value of more than $39,000. Of that group, Black students and college graduates are…

student debt

White House Cancels $1 Billion in Student Debt

In a move that will particularly benefit minorities and people of color, recently approved Education Secretary Miguel Cardona has announced reform that would grant nearly $1 billion in total student loan forgiveness for approximately 72,000 Americans in the coming weeks. According to Adam S. Minsky of Forbes, the newly announced…

Archived: Attorneys General to DeVos: Delaying Student Loan Protections Is 'Injustice for Students'

A group of 21 attorneys general signed an open letter to Education Secretary Betsy DeVos urging her to reinstate protections for students scammed by for-profit colleges. The letter cites the BorrowerDefenseRuleandtheGainfulEmploymentRule. These guidelines were intended to protect students who were defrauded by higher education institutions. Last year the Obama administration…

Archived: Student Loan Agency Apologizes For Insensitive Tweet

By Chris Hoenig The Free Application for Federal Student Aid (FAFSA) is apologizing after sending out an insensitive tweet that mocked “poor” college students. At 9 pm Tuesday, the agencywhich collects financial data from students seeking federal loanssent out a tweet featuring a scene from the movie “Bridesmaids” with actress…