Inside Higher Ed Susan H. Greenberg August 10, 2021 In its latest move to crack down on student loan debt-relief scams, California ordered Amerifed Doc Prep LLC to pay more than $1.37 million for illegally collecting advance fees from consumers looking to reduce or forgive their student loans. The California Department of Financial Protection and Innovation […]
Read MoreNASFAA Owen Daugherty August 9, 2021 California regulators plan to apply more oversight to income-share agreements (ISAs) and will now treat them as private student loans under California’s student loan servicing law, the California Department of Financial Protection and Innovation (DFPI) announced Thursday. DFPI announced it had entered into a “landmark agreement” with Meratas, Inc., a New […]
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Yahoo Finance Aarthi Swaminathan August 5, 2021 California’s top consumer watchdog has signed a deal with a company providing alternative student loans to increase oversight over increasingly popular income-share agreements (ISAs), Yahoo Finance has learned. The Department of Financial Protection and Innovation (DFPI) entered into a “landmark agreement” with New York-based Meratas, Inc., a software platform that […]
Read MoreInside Higher Ed Doug Lederman August 2, 2021 More public and private two-year and four-year colleges closed or merged between 2019-20 and 2020-21 than was true for for-profit institutions, a change from recent trends. The days when releases of federal data on college enrollments were newsworthy have largely passed, ever since the National Student Clearinghouse […]
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