Former Students of For-Profit College Launch First Student Debt Strike in U.S. History

March 16, 2015

Fifteen former students have launched the first-ever student loan debt strike in U.S. history. The strikers, dubbed the “Corinthian 15” after the now-bankrupt network of for-profit schools they attended, announced the strike with a simple message directed at the Department of Education: “We owe you nothing.” Last year, Corinthian Colleges,… Read More»

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Government Agency Bans and Sues Student Loan Scammers

December 17, 2014

The Consumer Financial Protection Bureau (CFPB) made a splash earlier this month by taking action against two student “debt relief” scam companies, banning one from the industry and suing another. While this isn’t the first time this year that these companies have come under fire for their predatory business practices,… Read More»

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Victory: Palomar College Notifies All Workers of Student Debt Forgiveness Options

November 24, 2014

Over the past three months, Jobs With Justice, Coworker.org, and part-time faculty who are members of AFT 6161 at Palomar Community College campaigned to get Palomar’s administration to take the Consumer Financial Protection Bureau pledge to notify employees about their eligibility in Public Service Loan Forgiveness. On November 13, Palomar… Read More»

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Government Agency Discovers That You Might Be Paying Too Much on Your Student Loans

October 28, 2014

A new report released today by the Consumer Financial Protection Bureau (CFPB) reveals data that both federal and private student loan servicers are using illegal tactics to maximize their profits at the expense of borrowers. These illegal practices include charging unfair late fees and making harassing debt collection calls –… Read More»

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Who’s Behind the Rise of Student Loan Defaults?

June 25, 2014

We’ve all heard about the meteoric rise of student debt: it now totals over $1.2 trillion and affects more than 40 million Americans. And while stories often focus on the unsustainable rise in college tuition costs and the incredible pace at which this debt multiplies, we must also pay close… Read More»

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How the U.S. Department of Education Shirks Oversight Responsibility and Operates Like a Big Bank

March 25, 2014

One in five American households holds education debt,i posing an increasingly large threat to our economic recovery. As politicians at the federal, state and local levels consider possible solutions to this growing crisis, one government agency finds itself at the center of the student loan debate. The U.S. Department of… Read More»

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Universities Face Growing Scrutiny Over Back-Door Partnerships With Financial Institutions

March 14, 2014

On March 6, amid growing concerns that schools are receiving kickbacks from banks selling products and opening branches on their campuses, students at 20 campuses around the country delivered letters to their school’s administrators asking for increased disclosure about the details of these partnerships. Currently, colleges and universities are only… Read More»

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Federal Agencies Express Concern Over University and Bank Partnerships

February 19, 2014

Have you ever suspected your school is receiving kickbacks from banks in exchange for promoting their products and services on campus? Turns out, they probably are. Last week, the Government Accountability Office (GAO) released a report expressing concerns over such partnerships between banks and universities, and they’re not alone. In… Read More»

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