News
Millions of student-loan borrowers' payments are being 'wildly' mismanaged by a major servicer — and it might be time to terminate its contract, over 50 Democratic lawmakers say | Business Insider
It might be time for the Education Department to consider firing a major student-loan company, a group of Democratic lawmakers say.
The Biden administration said their student debt was canceled, but their servicer still says they owe. Now they’re suing. | MarketWatch
Represented by the Project on Predatory Student Lending, borrowers allege in a lawsuit against MOHELA that in some cases they’ve been waiting years for the debt relief they were promised.
As AG, Kamala Harris took on for-profit colleges. Over a decade later, the fight isn’t over. | The Boston Globe
Tens of thousands of former Corinthian students are still being charged for their loans for the worthless program that scammed them, advocates say, despite Harris and the Department of Education announcing two years ago those debts would be wiped away. The reason appears to be outside of Harris’s control: Advocates blame the loan servicer, who they are now suing.
For-Profit College Students Sue MOHELA for Not Delivering Promised Debt Forgiveness | American Prospect
Yet as the lawsuit filed today claims, when loans actually are being forgiven, MOHELA is inflicting harm rather than suffering it, by failing to process the discharges. “I wish the state of Missouri had to defend MOHELA’s failure to deliver these discharges,” Connor said.
Student Borrowers Sue MOHELA for Failing to Implement Student Loan Discharges
Borrowers from predatory for-profit institutions continue to receive collection notices and show balances more than a year after ED cancelled their loan obligations.
Advocating for Proper Accreditor Oversight in Higher Education
Recently, the PPSL team and our clients had an opportunity to highlight the importance of this issue at the Department of Education’s NACIQI Summer 2024 meeting, and to call for more stringent oversight of a particular accreditor, ACCET.
This 85-year-old mom co-signed her daughter’s student loan years ago. Now she fears the lender may take her house | CNBC
Many people who borrow private student loans are required to get a co-signer, a requirement that can spread the pain if repayment becomes a challenge.
STATEMENT: Department of Education Must Protect Students Following Collapse of For-profit Education Company 2U
Bankruptcy follows increasing pressure after students sued USC for misleading them about its online master’s degree program run by 2U, and USC subsequently severed its long-term relationship with 2U
Appeals court blocks Biden’s student loan repayment plan | The Washington Post
In response, the administration said it will put the 8 million borrowers’ loans in the Save program in interest-free forbearance.
Biden’s SAVE Plan Blocked by Federal Court | Inside Higher Ed
An emergency stay issued Thursday prompted calls for the Education Department to pause student loan payments for borrowers. The agency says it is assessing its options following the ruling.