Globe University, Minnesota School of Business denied access to federal student loans

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 forgiveness 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 IV program funds,” and “knowingly misrepresented the nature of their criminal […]

Student Loans Dents Dreams of Startups

Student Loans Dents Dreams of Startups

Cathrine Berendsohn, 29, has struggled to get her web design business off the ground after she graduated from Florida State University with $40,000 in student loans. Berendsohn had dreams of opening a storefront in Monterey, California where she could start a roving studio of her own. However, her student loans are the reason she was […]

Navient Is Being Sued For Failing Borrowers at Every Stage of Student Loan Repayment

Navient Is Being Sued For Failing Borrowers at Every Stage of Student Loan Repayment

Navient is the largest student loan servicer, formerly known as Sallie Mae, and they are now facing a lawsuit that alleges the company misleads borrowers to the tune of $4 billion. Customers of Navient were allegedly hit with unnecessary interest payments, denied options to reduce their debt, and suffered damage to their credit scores, according […]

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 loans. This stems from the Obama Administration’s new “gainful […]

President Donald Trump Student Loan Forgiveness

President Donald Trump Student Loan Forgiveness

Since the inauguration, one question is on a lot of borrower’s minds, what is Donald Trump Student Loan Forgiveness? Since President Trump is walking into an administration with $1.3 trillion in federal student loans, there is no question this is an issue that needs to be addressed sooner than later. During the Tuesday confirmation hearing […]

How The Navient Lawsuit Will Affect Your Student Loans

How The Navient Lawsuit Will Affect Your Student Loans?

It seems the government has begun to understand the mess it’s gotten itself into with navient student loans. Recently, we have seen Government intervention with programs aimed at those who went to for-profit colleges including Devry, Corinthian Colleges, and ITT Technical Institute. This has brought a lot of attention to the for-profit-school industry and the […]