CFPB Sues Corinthian Colleges for Predatory Lending

Students

CFPB Sues Corinthian Colleges for Predatory Lending

CFPB Sues Corinthian Colleges for Predatory Lending

One of the nation’s largest for-profit schools engaged in a lengthy series of deceptive acts to entice poor students to enroll and take out pricey student loans, the Consumer Financial Protection Bureau alleged Tuesday, saying the school had a “pervasive culture…that allowed employees to routinely deceive and illegally harass” student borrowers. Corinthian Colleges, Inc., which… Read More

Help! I Have $460K of Student Loan Debt

Students

Help! I Have $460K of Student Loan Debt

Help! I Have $460K of Student Loan Debt

All dentists have one thing in common: They received an extremely expensive education. For most people, that means taking out student loans, so by the time you’ve graduated and gone on to make a living taking care of people’s teeth, you probably have a six-figure debt load. Saddled with $465,000 of student loans to repay,… Read More

Report Indicates Not All Student Loan News is Horrible

Students

Report Indicates Not All Student Loan News is Horrible

Report Indicates Not All Student Loan News is Horrible

It’s not like student loan news is often uplifting, but the newest study on education debt released by Experian bears some encouraging data. The numbers reinforce concerns often voiced by borrowers, economists and politicians that the cost of higher education is growing at what is likely an unsustainable rate. However, the report also shows that… Read More

Will Student Loan Rehab Fix Your Credit?

Students

Will Student Loan Rehab Fix Your Credit?

Will Student Loan Rehab Fix Your Credit?

When Lionel Alexander rehabilitated his federal student loan he thought his credit would get back on track. After all, that’s one of the promises of federal student loan rehabilitation: that the default will be removed from the borrower’s credit reports. Student loan rehabilitation is a process that allows borrowers who have defaulted on federal loans… Read More

Should Colleges Foot the Bill for the Student Loan Crisis?

Students

Should Colleges Foot the Bill for the Student Loan Crisis?

Should Colleges Foot the Bill for the Student Loan Crisis?

Forty-two years ago, President Richard M. Nixon—a Republican with impeccable anticommunist credentials—traveled to China for a series of meetings with Communist Party Chairman Mao Zedong. Some two decades later, Star Trek’s Mr. Spock turned that historic event into a political metaphor when he said, “Only Nixon could go to China,” meaning that only those with… Read More

Could Student Loans Cost You Your Social Security Benefits?

Students

Could Student Loans Cost You Your Social Security Benefits?

Could Student Loans Cost You Your Social Security Benefits?

Much like unemployment isn’t going to get you out of repaying student loans, retirement isn’t going to, either. Social Security recipients — whether they’re retired or disabled — can have up to 15% of their checks taken for defaulted federal student loans, and it’s a common problem. Joshua Cohen, a consumer law attorney who bills himself as… Read More

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