Category:
Students

empty desks in front of chalkboard

Student Loan Debt Continues To Make News Over Summer

By Bill Fay | August 15, 2014

When the bell rings to start a new school year, college students, especially the 70 percent using loans to pay for expenses, need to catch up on a few news…

college building

For-Profit Student Loan Debt and School Closure

By Bill Fay | July 10, 2014

Corinthian Colleges Announces Closure For profit students with high student loan debt should review their school’s record before enrolling in another semester. This month, large for-profit Corinthian Colleges announced that…

white house

Administration Proposes Student Loan Debt Relief

By Bill Fay | June 25, 2014

Student Loan Debt Relief – Needed by Millions President Obama issued an executive order to provide student loan debt relief to struggling Americans, but couldn’t convince members of Congress to follow his…

student loan application

Here’s What You Need to Know About Taking out Student Loans

By Bill Fay | March 27, 2014

It’s no secret the cost of education is rapidly increasing, far faster than even the pace of inflation. The College Board shows the average cost of undergraduate tuition and fees…

ITT Tech building

CFPB Sues ITT for Allegedly Exploiting Students with Predatory Loans

By Bill Fay | February 28, 2014

The Consumer Financial Protection Bureau sent a jolt through the for-profit college industry this week when the federal agency sued ITT Educational Services Inc. for predatory lending practices, saying it…

College classroom with professor and students

State Lawmakers Are Seeking Solutions to Rising Student Loan Debt

By Bill Fay | February 18, 2014

There is help available for some of the 40 million Americans dealing with $1 trillion in student loan debt, but the aid comes with a catch. You have to move…

Senator Elizabeth Warren speaking

Politicians Scramble to Fix Broken Student Loan System as Write-Offs Soar

By Bill Fay | January 8, 2014

Americans are taking out more loans than ever to pay for college and defaulting on them in record numbers. Politicians, most notably U.S. senators Dick Durbin, D-Ill., Jack Reed, D-R.I.…

The Federal Trade Commission Now Reviewing Student Loan Relief Industry

FTC’s Focus on the Student Loan Relief Industry

By Bill Fay | December 17, 2013

It’s hardly a surprise that loan consolidation is a popular option for people looking to lessen the burden of their student loan debt. Too many students today graduate with too…

CFPB logo in green

CFPB Will Oversee Largest Student Loan Servicers

By Bill Fay | December 4, 2013

The millions of Americans facing problems with the companies servicing their student loans now have an angel looking over their backs. The Consumer Financial Protection Bureau (CFPB), a government watchdog…

Education Secretary Arne Duncan talking to the media

Department of Education Nets $41.3B Profit in 2013 from Student Loans

By Bill Fay | November 27, 2013

A new government report shows the U.S. Department of Education generated $41.3 billion from federal student loans in the 2013 fiscal year, making it the third most profitable industry in…