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CFPB Asks Borrowers for Information about Student Loan Servicing–Deadline is July 13
June 18, 2015
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 […]
Continue Reading →NCLC Statement on Relief for Predatory School Borrowers
June 08, 2015
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. […]
Continue Reading →What Happened to the Federal Student Aid PIN System?
May 25, 2015
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 […]
Continue Reading →Letter to Education Secretary Duncan: Do Not Impose Unfair Hurdles to Debt Relief for Corinthian Students
May 06, 2015
by Robyn Smith
On May 5, 2015, the National Consumer Law Center submitted a letter to U.S. Secretary of Education Arne Duncan urging him to provide federal student loan cancellations to Corinthian borrowers […]
Continue Reading →Closure of Corinthian Colleges and Debt Relief for Students
April 27, 2015
by Robyn Smith
After many years of targeting low-income students through predatory and illegal recruiting practices, Corinthian Colleges is closing its remaining 28 campuses. Despite evidence of Corinthian’s widespread fraud, the U.S. Department […]
Continue Reading →Putting Service Over Profits in the Federal Student Loan Program
April 23, 2015
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 […]
Continue Reading →Hope for Corinthian Students – Department of Education Agrees to Consider Granting Student Debt Relief
April 03, 2015
by Robyn Smith
This week, 14 former Corinthian Colleges students met with the Department of Education, the Consumer Financial Protection Bureau, and the Department of Treasury. Echoing the allegations of many state and […]
Continue Reading →CFPB Finds Federal Student Loan Debt Collector Misled Borrowers
March 13, 2015
by Persis Yu
This week, the Consumer Financial Protection Bureau (CFPB) issued its latest supervision report highlighting legal violations uncovered by the Bureau’s examiners. In this report, it announced that it found that […]
Continue Reading →President Obama Announces a Student Aid Bill of Rights
March 10, 2015
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 […]
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Important Note: On June 24, 2024, two court decisions temporarily blocked parts of the SAVE Plan from taking effect. These decisions may change borrowers’ rights and access to certain benefits, including repayment plans. We will update this website with more details on how this will impact borrowers soon. Visit here for more information.
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