News
Millions of student-loan borrowers' payments are being 'wildly' mismanaged by a major servicer — and it might be time to terminate its contract, over 50 Democratic lawmakers say | Business Insider
It might be time for the Education Department to consider firing a major student-loan company, a group of Democratic lawmakers say.
The Biden administration said their student debt was canceled, but their servicer still says they owe. Now they’re suing. | MarketWatch
Represented by the Project on Predatory Student Lending, borrowers allege in a lawsuit against MOHELA that in some cases they’ve been waiting years for the debt relief they were promised.
As AG, Kamala Harris took on for-profit colleges. Over a decade later, the fight isn’t over. | The Boston Globe
Tens of thousands of former Corinthian students are still being charged for their loans for the worthless program that scammed them, advocates say, despite Harris and the Department of Education announcing two years ago those debts would be wiped away. The reason appears to be outside of Harris’s control: Advocates blame the loan servicer, who they are now suing.
For-Profit College Students Sue MOHELA for Not Delivering Promised Debt Forgiveness | American Prospect
Yet as the lawsuit filed today claims, when loans actually are being forgiven, MOHELA is inflicting harm rather than suffering it, by failing to process the discharges. “I wish the state of Missouri had to defend MOHELA’s failure to deliver these discharges,” Connor said.
This 85-year-old mom co-signed her daughter’s student loan years ago. Now she fears the lender may take her house | CNBC
Many people who borrow private student loans are required to get a co-signer, a requirement that can spread the pain if repayment becomes a challenge.
Appeals court blocks Biden’s student loan repayment plan | The Washington Post
In response, the administration said it will put the 8 million borrowers’ loans in the Save program in interest-free forbearance.
Biden’s SAVE Plan Blocked by Federal Court | Inside Higher Ed
An emergency stay issued Thursday prompted calls for the Education Department to pause student loan payments for borrowers. The agency says it is assessing its options following the ruling.
Navient Is Quietly Forgiving Private Student Loans Amid Pressure From Lawmakers | Money
The existence of Navient’s new discharge program largely came to light when the PPSL launched a campaign on May 30 to encourage borrowers to apply. The nonprofit legal organization also released a step-by-step guide to request loan forgiveness.
Navient debuts private student loan forgiveness, and other student loans news | Bankrate
If you were defrauded by your school and have student loans serviced through Navient, the servicer is now offering a simplified route to student loan forgiveness. The Project on Predatory Student Lending (PPSL) recently discovered that the servicer now offers borrowers the chance to apply for loan discharges. However, Navient never publicized the process.
Borrowers urged to apply for Navient's private student loan forgiveness | Fox Business
There's been much ado about federal student loan forgiveness with little relief directed to students holding private student debt. However, a little-known program directed by private student loan lender Navient is forgiving private loans for borrowers seeking relief on the grounds that their school lied to them.