May 13, 2014
Earlier today, federal regulators ordered Sallie Mae to pay $96.6 million in penalties and restitution to student loan borrowers harmed by the company’s lending practices. Sallie Mae agreed to settlements with both the U.S. Department of Justice (USDOJ) and the Federal Deposit Insurance Corp (FDIC) for violations of the following… Read More»
Tags: debt, Department of Justice, epartment of Education, Equal Credit Opportunity Act, FDIC, Federal Deposit Insurance Corp, Federal Trade Commission Act, loan, Sallie Mae, SCRA, Senate HELP committee, servicemembers, Servicemembers Civil Relief Act, student, student debt, student loan, students
April 24, 2014
On Tuesday, Jane Timm published a piece on MSNBC.com titled, “Students seek loan forgiveness in overwhelming numbers.” The piece claims that student loan borrowers are enrolling in the Department of Education’s flexible student loan repayment plans, some of which include debt forgiveness, in “record numbers.” Unfortunately, Timm drastically misses the… Read More»
Tags: Congressional Budget Office, debt, Department of Education, Income-Based Repayment, Jane Timm, loans, MSNBC, MSNBC.com, New York Federal Reserve, Senate HELP committee, student debt, student loan forgiveness, student loans
