Inside Higher Ed Alexis Gravely August 9, 2021 While the announcement was generally met with praise, it was accompanied by continued calls for the Biden administration to do more to address the student debt crisis. The temporary pause on student loan repayment has been extended to January 31, 2022 for the final time, the Department […]
Read MoreInside Higher Ed Alexis Gravely August 10, 2021 Individual states are able to regulate federal student loan servicers in most circumstances without being preempted by the Higher Education Act of 1965, according to a notice of interpretation issued Monday by the Department of Education. The new notice replaces an interpretation put into place under former […]
Read MoreInside 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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