Navient Is Banned From Federal Student Loan Servicing. CFPB Forces Them To Compensate Borrowers For $100 Million Navient is banned from federal student loan servicing. The CFPB has also ordered the company to pay $120 million in fines and compensation to the borrowers. The SCPB made the announcement on Thursday. It comes nearly eight years […]
Student Loan Processor Navient Makes Deal With State Attorneys General To Settle Claims Of Predatory Student Loans Student loan processor Navient will cancel $1.7 billion worth of debt for 66,000 students. Navient agreed to do this in an agreement to settle a lawsuit with 39 states and the District of Columbia. The $1.7 billion in […]
Total Student Loan Debt Of $1.5 Trillion Is So High It Could Buy Every House on The U.S. Market Twice Over Total student loan debt in the United States has reached $1.5 trillion. It’s now at a new all-time high according to a new study by realtor.com. That has realtors and housing experts concerned. Real […]
Higher University Tuition Costs Are Driving Students To Schools Overseas Where Tuition Ranges From Free To 30% Of American Universities Higher university tuition and student loan costs are forcing American students to study abroad. University tuition has skyrocketed in the United States over the past 20 years. University tuition in the United States averages roughly $10,000 to […]
Fraudulent Student Loan Debt Relief Companies Are Preying On The Most Vulnerable Student Borrowers A NerdWallet investigation has found fraudulent student loan debt relief companies are preying on the most vulnerable with student loans. Federal agencies dispute who’s to blame and what to do. The CFPB and the Federal Trade Commission have closed only seven […]
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