The Consumer Financial Protection Bureau (CFPB) has launched a public inquiry into student loan servicing practices.  The issues that the Bureau is seeking information on include: industry practices that create […]

NCLC Advocates Applaud Department of Education’s Step Towards Granting Widespread Student Debt Relief to Corinthian Borrowers Over the past year, the National Consumer Law Center has called on the U.S. […]

As of May 10, the new federal student aid ID (FSA ID) has replaced the old PIN system. The Department of Education says it created this new system to improve security […]

Senator Warren and Congressman Cummings recently held a “Tackling Student Debt” hearing in Boston as part of their middle class prosperity project. NCLC’s statement at the hearing highlighted concerns about […]

There is a lot of good news for borrowers in the President’s Student Aid Bill of Rights memorandum.   Combined with the recent cancellation of a number of government debt […]

The Department of Education announced late in the day on Friday that following a review of 22 private collection agencies, the Department will “wind down” contacts with five agencies that […]

The Department of Education’s latest round of negotiated rulemaking begins tomorrow.  The Department has set out a limited, but important agenda, focusing on income-driven repayment and benefits for military service members. […]

Unlike other federal student loans, there is a “credit check” requirement for both parent and graduate/professional PLUS loans.  The “credit check” basically requires that  PLUS loan borrowers show that they […]

We thought last year was a busy year in the student loan world (and it was) but this year was even busier.  As The Institute for College Access and Success […]

We support today’s action taken by the CFPB and the Florida Attorney General to shut down College Education Services and in a separate CFPB action to file a lawsuit against […]