October 13, 2018 2 Baltimore city teachers among group suing loan servicer Navient Two Baltimore teachers sued Navient, saying the company steered them away from loans that would qualify them for the forgiveness program while giving them false assurances they were on track for loan forgiveness and misstating the terms under which they would qualify. Learn More
October 4, 2018 My Turn: Peter Morici: Fixing higher education and student debt To clean up the mess, it’s time for some good old-fashioned debt forgiveness. If Mr. Obama could bail out the banks, Mr. Trump could do the same for students sold on a lousy idea by their government. Learn More
October 3, 2018 Teachers’ group sues student loan servicer Navient The American Federation of Teachers says Navient failed to guide borrowers through a loan forgiveness program. Learn More
September 21, 2018 People who worked 10 years for student loan forgiveness get shafted Nearly 30,000 people have applied to have their student loans forgiven under a government program that rewards those who work in public service for at least 10 years while keeping their payments for their loans up to date. Only 96 actually had their loans forgiven. Learn More
September 6, 2018 After Scaling Back Student Loan Regulations, Administration Tries to Stop State Efforts “In the aftermath of the financial crisis, we learned repeatedly about dubious practices among mortgage servicing companies that made it harder for homeowners trying to repay or renegotiate their loans. Now, similar horror stories are emerging about the companies servicing student loans.” Learn More
August 14, 2018 Bankruptcy Filer Takes Student Loan Servicer To Court Traditionally, in bankruptcy court, any loan with the word “student” associated with it has not been dismissed. New York lawyer, Austin Smith, has a different take on the law. Learn More
August 8, 2018 Report: Md. students graduated with more debt in 2017 than 2016 A recent report found that students that graduate with debt in Maryland continue to see the amount of debt they carry after graduation rise. Learn More
August 8, 2018 New Data Reveal Extent of Oregon Student Loan Debt More than 50 percent of Oregon college grads are in debt, and Oregon is ranked 22nd in the country for its amount of average student loan debt per borrower. Learn More
June 29, 2018 Student loan servicer cheats borrowers, California attorney general says State Attorney General Xavier Becerra accused one of the nation’s largest student loan servicers of cheating perhaps thousands of California borrowers, and on Friday sued the company and its subsidiaries. Learn More
June 25, 2018 Editorial: Debt burden from student loans keeps growing The amount of money owed on student loans recently reached $1.5 trillion in the United States, with more than 44 million borrowers still paying off – with interest – the escalating costs of a college education. Learn More