ACS Education Services, a company that once managed one of the largest portfolios of student loans, will pay New York $9 million to resolve charges of steering struggling borrowers away from affordable repayment plans, state officials said Friday. “ACS has ...Read More »
BALTIMORE — The American Bar Association filed suit this week against the U.S. Department of Education, alleging the department failed to provide a reasonable explanation for why it has decided to refuse to honor loan forgiveness commitments made to attorneys ...Read More »
A new rule finalized Friday by the Obama administration will cost student debtors who say their colleges defrauded them of some longstanding rights to get their federal loans canceled, while colleges on shaky financial footing dodged a government crackdown. Those ...
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WASHINGTON — Congress returned Monday to potentially incendiary fights over nominations, unresolved disputes over student loans and the farm bill, and the uncertainty of whether lawmakers have the political will to rewrite the nation’s immigration laws. The cooperation evident in ...Read More »
U.S. Sen. Charles E. Schumer visited Rochester Institute of Technology on Wednesday to announce his support for legislation to stave off an interest rate increase for student loans. On July 1, the interest rates on federally-subsidized Stafford loans will double ...Read More »
Government and public interest lawyers burdened by student loan debt can apply for grants through the New York State Bar Association. Attorneys must have practiced for at least five years to be eligible for the Steven C. Krane Special Committee ...Read More »
Even though the bankruptcy discharge of student loans require a finding of undue hardship in an adversarial proceeding, a lender cannot challenge the discharge of a loan absent such a finding if it was not appealed in a timely manner, the U.S. Supreme Court ruled this week.Read More »