100,000 debtors Rejected For Student Loan Forgiveness. But why?

U.S.-Education-Secretary-Betsy-DeVos

(AP Photo/Mark Humphrey) Student Loan Forgiveness Debt Statistics: The latest student loan debt statistics show that more than 100,000 people who applied for public service loan forgiveness have been rejected. Here’s what you need to know and what to do about it. The U.S. Department of Education released the latest …

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CFPB Student Loan Ombudsman Report

CFPB Student Loan Ombudsman Report

Executive summary Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, this annual report analyzes complaints submitted by consumers between September 1, 2016 and August 31, 2017. During this period, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) handled approximately 12,900 federal student loan servicing complaints, 7,700 private …

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