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Tag Archives: Student loans

ACS’s $9 million settlement in New York places a spotlight on problems in student loan servicing

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 ...

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ABA sues Department of Education over loan forgiveness

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 ...

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It’s about to get harder to seek student debt relief

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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More borrowers taken to court over student loans

HARTFORD, Conn. — Fall behind on your student loans these days and you could end up getting more than hectoring phone calls and threatening letters. Some lenders are taking more people to court, attorneys say. The number of lawsuits filed ...

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NYSBA offers grants to help repay student loans

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 ...

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Student loan discharge upheld

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.

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