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Lawsuits Continue to Plague Student Loan Servicers In recent years, lawsuits have been filed against virtually every student loan servicer in the industry. The Department of Education (DOE) hires private contractors to service its student loans. These companies/banks are known as loan servicers. Policymakers create the actual terms for the programs that student borrowers are…

How to Dispute Unauthorized or Unqualified Student Loan Debt Student borrowers are responsible for repaying their valid loans. However, if you were unqualified to receive the loans, or if your school falsely certified your eligibility to receive a loan, you may be eligible to cancel that debt through a False Certification Discharge. There are four…

End of Forbearance: Student Loan Payments Resume in May 2022 The Biden Administration announced that payments on federal student loans will resume on May 1, 2022. The emergency forbearance which began in March of 2020 provided 42 million Americans holding student debt a pause from making payments or accruing interest while the country dealt with…

Biden Administration Has Cancelled Billions in Student Loan Debt While broad student loan forgiveness is still a long way off, some students in the United States have already obtained some debt relief. Since President Biden took office, almost 1.3 million borrowers have received over $25 billion in student debt forgiveness. “Borrowers who were scammed by…

Finally! Glimmers of Hope for Student Debt Cancellation in 2022 On Monday it was announced that Richard Cordray has been appointed to lead the Education Department’s Office of Federal Student Aid. Previously, he was at the helm of the Consumer Financial Protection Bureau (CFPB) from 2012 through 2017. Cordray is an ally of Senator Elizabeth…