AP News By KEN SWEET NEW YORK (AP) — One of the nation’s largest student loan servicing companies may have driven tens of thousands of borrowers struggling with their debts into higher-cost repayment plans. That’s the finding of a Department of Education audit of practices at Navient Corp., the nation’s […]
Chronicle of Higher Education by Andy Thomason The Education Department plans to repeal the gainful-employment rule, which sought to punish higher-education programs whose graduates bear a high level of student-loan debt, according to The New York Times and The Wall Street Journal.Experts had predicted that the education secretary, Betsy DeVos, aimed to weaken […]
Inside Higher Ed By Andrew Kreighbaum An Education Department plan to begin cutting large debt collection firms out of the student loan system is on hold after Congress warned against move. The Department of Education planned this month to begin reshaping the role of private debt collection firms in handling […]
The Chronicle of Higher Education Education Dept. Wants to Block States’ Student-Loan Rules. States Are Fighting Back. By Adam Harris MARCH 12, 2018 The U.S. Education Department wants states to defer to federal oversight of the companies that service the billions of dollars in student loans that it issues, but the […]
Student loan companies to feds: Tell states to stop regulating us Published: July 29, 2017 8:10 a.m. ET The request comes as a number of states consider proposals to license student loan servicers By JILLIANBERMAN REPORTER Over the past few years, lawmakers in Maine, California, Illinois and elsewhere have worked to pass […]