News
Borrowers Sue Ed. Dept. Over 'Plain Wrong' Credit Reporting
Student loan borrowers Thursday sued the U.S. Department of Education in Washington D.C., federal court, alleging it has tarnished hundreds of consumer credit histories by falsely reporting billions of dollars in discharged loans as still outstanding...
The government canceled her student loans due to a scam - but $72,000 is still on her credit report
The Department of Education may still be reporting $4.6 billion in canceled student loan debt to credit bureaus, according to a proposed class action lawsuit.
The suit, filed last week by student borrowers alongside the Project on Predatory Student Lending (PPSL), alleges that the Education Department reported canceled debt as still outstanding to the three major credit bureaus.
Student Loan Borrowers Allege Canceled Debt Is Still Trailing Them
They allege their student loans were forgiven, but that the consequences of their debt live on.
A pair of student-loan borrowers filed a suit against the Education Department on Thursday claiming that despite participating in a debt-cancellation program years ago, their student loans are still reported as active on their credit reports. That, they allege, has depressed their credit scores and restricted their ability to take out other debt.
Student Borrowers Sue Education Department for Reporting Cancelled Loans as Debt
PPSL estimates that Department is falsely reporting $4.6 billion of cancelled debt, impacting over 300,000 people
When students attend these colleges, taxpayers often pay. Here's why
In an unusual move, Congress worsened terms for some existing borrowers. Now they’ll have to pay more, and for a longer term.
They Were Paying Their Student Loans. Then the Rules Changed.
In an unusual move, Congress worsened terms for some existing borrowers. Now they’ll have to pay more, and for a longer term.
Shifting federal student loan policies leave borrowers wondering what's best | Law of The Land
The Trump administration's changes to available federal student loan repayment plans, along with new Parent Plus loan and graduate school borrowing caps went into effect July 1, leaving many borrowers wondering what's in their best interest as legal challenges against overhaul continue to play out in court.
On Monday's edition of the "Sound of Ideas" hosted by Stephanie Haney, we'll look at the student loan lending landscape in the latest installment of our "Law of The Land" series, where we explore how the law affects our everyday lives.
170,000 borrowers to see student loan debt erased
More than 170,000 borrowers will have their student loan debt erased as part of a years-long class-action battle over about $23 billion in canceled loans.
450K student loan borrowers eligible for debt relief after court ruling
The Education Department will erase roughly $11 billion in federal student loan debt owed by more than 170,000 borrowers after a federal appeals court rejected the Trump administration’s attempt to delay relief for students who claimed they were defrauded by their schools.
Student Loan Debt to Be Erased for Tens of Thousands—Here’s Who Is Eligible
More than 170,000 federal student loan borrowers who say they were defrauded by their schools are set to have their debts erased after a federal appeals court rejected the Education Department's effort to delay relief.