Wells Fargo accused of denying young immigrants student loans

Wells Fargo accused of denying young immigrants student loans A new lawsuit filed on Monday accuses Wells Fargo of illegally denying student loans to young immigrants who are protected from deportation and allowed to work under a program created by former President Obama. In response to the allegations, Wells Fargo stated they were disappointed that […]

Feds Give 800 For-Profit Colleges Failing Grades

Feds Give 800 For-Profit Colleges Failing Grades All across America, hundreds of programs at for-profit colleges are at risk of losing federal funding unless their graduates begin earning higher wages. The Department of Education issued its first round of data measuring the success of 8,700 career program graduates and their ability to repay their student […]

What To Do If Your Student Loan Repayment Period Is Beginning

What To Do If Your Student Loan Repayment Period Is Beginning Many students graduate in May/June of each year and are given six months to begin repayment on their student loans. This is known as the “grace period.” When it ends, thousands of students are left scrambling trying to figure out what to do. If […]

Increasing Numbers of People Over 60 Struggling to Pay Off Student Loan

Increasing Numbers of People Over 60 Struggling to Pay Off Student Loan The number of people who are 60 years and older that are still paying off their student loans has quadrupled in the past decade. Currently, older Americans now represent the fastest-growing segment of the U.S. student loan market, according to a new report […]

Globe University Loans Forgiveness

Globe University, Minnesota School of Business denied access to federal student loans Effective December 31, 2016, the Minnesota School of Business and Globe University are dropped from the federal student loan program. The for-profit schools are denied access to the federal student loan funds as they were “judicially determined to have committed fraud involving Title […]

Cost of Student Loan Forgiveness Still Unknown to the FED’s

Feds predict greater than $108B in loan forgiveness to fall on taxpayers- advisers feel estimate is untrustworthy The Obama administration presented itself as an ally to student loan borrowers and has worked to make loan forgiveness programs as beneficial as possible. They argue that these efforts will mean more than $108 Billion is forgiven in […]

President Obama’s Student Loan Forgiveness Program in 2016

One of the biggest burdens that many college graduates face is their student loan debt. At the time the debt is incurred, it paves the way towards earning a degree that puts college students on the road to a career they love. Repayment does not begin until several months after graduation and, by that time, […]

State House Protects College Students

Talk about student loan debt is nothing new, but what is new is that students being defrauded by for-profit colleges and universities due to misrepresentations. A bill has recently been discussed in Washington D.C. in order to stop the fraud. This bill will require for-profit colleges and universities to report consistently to students and their […]

The Hidden Costs of Student Loan Forgiveness

Student loan forgiveness is often looked at as a quick solution for borrowers to escape the financial burden of large student loan balances. What are the hidden costs of student loan forgiveness? What many people aren’t aware of, though, is that the forgiven balances can often be considered taxable income by the Internal Revenue Service […]