President Obama announced new executive actions last week to address rising student loan debt burdens. The proposed changes to income-based repayment received the most attention.   The current Pay As […]

We wrote earlier about potential problems with the Department of Education’s new “servicer choice” consolidation application system.  At that point, most, but not all borrowers were required to use the […]

Comments on the Department of Education’s proposed “gainful employment” regulation are due next Tuesday May 27.   This is the Department’s second attempt to define what it means for career […]

The  Consumer Financial Protection Bureau’s (CFPB) April 2014 update on student loan complaints highlights a particularly insidious problem in the private student loan industry—the practice of “auto default” in which […]

It can be confusing to figure out interest rates on student loans because the rates keep changing.  Congress passed a law last year tying the federal student loan interest rates […]

The U.S. Senate Health Education Labor & Pensions Committee (HELP) held a very important hearing a few weeks ago on federal student loan issues.  This was part of a series […]

The U.S. House Committee on Education and the Workforce held a hearing this past week examining mismanagement in the federal student loan rehabilitation process.  The hearing coincided with a damning report […]

We sent a letter last week to CFPB Assistant Director and Student Loan Ombudsman Rohit Chopra and Department of Education Chief Operating Officer James Runcie outlining our concerns about the […]

Lack of financial resources and the growing costs of college have a clear impact on college success rates, yet there are social trends at work that also provide significant challenges.  […]

The Consumer Financial Protection Bureau’s (CFPB) announced yesterday that it filed a lawsuit against the for-profit school ITT Educational Services based on allegations of predatory lending and other unfair, deceptive, or […]