Tag: Department of Education

The Unmet Promise of Public Service Loan Forgiveness and How to Fix It

December 11, 2015

According to new data obtained by Jobs With Justice Education Fund, only 1 percent of potentially eligible borrowers are currently enrolled in the U.S. Department of Education’s Public Service Loan Forgiveness program. More than 33 million Americans, including teachers, emergency personnel, social workers, and those employed at nonprofit organizations stand… Read More»

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Students Cut Campus Debit Card Fees and Triumph over Bankers

May 22, 2015

Update (10/30/2015): This week, the Obama administration finalized rules that ban fees on debit cards given to students as part of their federal financial aid. These new standards, which go into effect next July, will eliminate charges for overdrafts and other fees, and require card companies to make sure that students… Read More»

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What the Education Department Can Offer the Most Indebted Graduates Ever

May 12, 2015

It’s the time of the year when many similar stories surface announcing that this year’s class of graduating students will hold the most debt on record. Almost identical articles were written last year, and they will likely be written again next year. Yes, the class of 2015 holds the unfortunate… Read More»

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VICTORY! Montana Will No Longer Take Away Your Driver’s License if You Can’t Pay Back Your Loans

April 10, 2015

For the more than 40 million student debtors who, on average, owe $30,000, keeping up with bills every month is next to impossible. In fact, new data released by the Department of Education shows that nearly a third of all student debtors with federal student debt are behind on their… Read More»

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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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Victory: Department of Education Cuts Contract With Five Student Debt Collectors

March 4, 2015

Last Friday, the Department of Education made a huge announcement that it’s cutting contracts with five private companies it had hired as debt collectors on defaulted student loans. For years, Jobs With Justice has worked closely with our allies, including the Student Labor Action Project, US Student Association, and the… Read More»

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In at Least 22 States, Your Student Debt Could Cost You Your Job

February 9, 2015

UPDATE 2: During the 2017 state legislative cycle, Oklahoma, New Jersey and North Dakota passed laws to end the practice of revoking someone’s professional license if they defaulted on their student loans.  UPDATE: In April 2015, Montana Governor Steve Bullock signed HB 363 to decriminalize student debt and end the practice of revoking someone’s… Read More»

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Navient Owes the Federal Government a Lot of Money. Why Isn’t Anyone Collecting?

January 29, 2015

For the millions of Americans drowning in debt, non-payment is not an option, and student debt is the worst kind of debt to have. As Senator Elizabeth Warren once remarked, the powers of student-loan debt collectors “would make a mobster envious.” If you’re a company that holds student debt, on the… Read More»

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These Two States Will Revoke Your License If You Can’t Pay Back Your Student Loans

January 12, 2015

Did you know that in two states not paying your student loans could mean your driver’s license can be revoked? That’s the harsh reality for those who have had to borrow to pay for college in both Montana and Iowa, where there are laws that allow the state to take… 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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