Latest Student Loan News

Top 10 Ways New Rules on Borrower Defense, School Closures, and Arbitration are Worse for Borrowers

Today, the U.S. Department of Education officially published new rules  stripping away protections put in place by the Obama administration in what is often called the “borrower defense rule.” As […]
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Switch Now, Pay Less: How Borrowers in ICR Can Reach Student Loan Forgiveness Sooner

By: Kendra Cobb* Last month marked the 25th anniversary of the first income-driven repayment (IDR) plan: the Income-Contingent Repayment Plan (ICR). This means that student loan borrowers who entered ICR […]
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Another Way to Repay: Student Loan Forgiveness Under Income-Driven Repayment Plans

About the author: National Consumer Law Center intern Kendra Cobb is a rising third-year law student at Howard University School of Law who is passionate about financial services and economic […]
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New Developments in the Fight for Student Borrower Justice

It was a big week in the fight for student loan justice, including a new lawsuit and a court victory. The lawsuit: Defrauded former for-profit college students filed a lawsuit […]
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Student Loan Forgiveness Cannot Work Without a Right to a Payment History

This post originally appeared on https://protectborrowers.org/qualifying-payments/ This year, we’ve seen lawmakers in states across the country demand accountability from the private-sector student loan companies that handle loans for more than […]
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Accounts Receivable & Withheld Transcripts: The Quiet Higher Ed Crisis That States Could be Tackling

You might think that struggling student loan borrowers face enough stress and pain from the government’s extreme student loan collection powers. This is sadly not the case. Many states have […]
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Temporary Expanded Public Service Loan Forgiveness

Since you must work for 10 years in a qualifying job to get public service loan forgiveness and the program only started in late 2007, borrowers have only recently become […]
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Mandatory Wage Garnishment for All Student Loan Borrowers?

Last week, Senator Lamar Alexander, the Chair of the U.S. Senate Committee on Health, Education, Labor and Pensions, proposed a program that would require student loan borrowers to repay their […]
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Lawsuit Calls on Department of Education to Provide Relief to Students Whose Schools Closed

By Margaret Mattes Tens of thousands of student borrowers unable to complete their educations at the approximately 1473 postsecondary schools or campuses that closed between November 2013 and November 2015 […]
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