The CFPB announced in mid 2016 that it was looking more closely at student loan servicers (companies that collect payments from borrowers) and their role in the increased student loan defaults. It has announced this as one of their priorities for 2017. Last fall, the CFPB issued a joint statement…
The Consumer Financial Protection Bureau just released a snapshot this week on the excess financial problems that student loan debt is causing our older population. The CFPB reports that in 2015, nearly 40% of federal student loan borrowers age 60 and older were in default. I’d venture to say that…
DeVry University just agreed last week to a $100 million settlement as reported by the FTC. We are seeing more of our Florida student loan clients start to question their education at DeVry and starting to understand why they haven’t been able to find employment that they were led to…
We are about to file a case in the Orlando Division this week based upon the recent discharge of private student loan debt for a non-accredited school that was not listed on the Federal Codes List. We are relying upon a decision last Spring In re Decena, 549 B.R. 11…
Great news! – Please read all the way to the bottom — there is now a strong probability of discharging federal loans for ITT’s former students, going back up to 12 years – provided you can show you learned of the fraud within the past 4 yrs under Florida’s discovery…
Recently I’ve been researching the student loan system and how things work in non-U.S. based medical schools. Unbelievably there are three dozen island medical schools. That’s a crazy high number, just how many islands are there in the Caribbean anyway? Federal student loan aid is generally not available for these…
Well the final regs are out now. But they are 927 pages. This is gonna take a while to read through — and looking at Halloween costumes on Facebook is winning out right now. More to come later…. Happy Halloween everyone!!
ABC Action News interviewed two of our clients who have attended ITT and IADT: You can click on the ABC Action News above or type the above link into your browser. https://www.facebook.com/tampabaynews/videos/10154553756350409/ These students attended ITT and IADT here in Tampa several years ago and have tons of federal student…
Were you aware that when you tell a bill collector (including a student loan collector) to stop calling your cell phone, they must do so immediately? Well usually. It depends upon the type of telephone system the collector is using. If they are manually dialing the phone, then they can…
We’ve been getting very interested lately in how schools, particularly for-profit schools, are representing the cost of education at their institutions. At ITT for instance, we’re learning that students were for the most part simply left in the dark about what their education would cost. By the time they learned…