Tag Archives: Student Loan Forgiveness

The Education Department announced plans to revamp the financial incentives program. Congressional staff and members expect the overhaul announced by the Department of Education to make positive changes to a troubled student loan forgiveness program for public sector employees and military personnel. President of the Congressional Black Associates, Herline Mathieu …

INTRODUCTION The student loans crisis in the United States has reached biblical proportions. As of the year 2017, the combined debt stood at a whopping $1.3 trillion (slightly greater than the Gross Domestic Product of South Korea). It is now the second highest consumer debt trailing only the mortgage debt …

Robert F. Smith, founder, and CEO of private equity firm Vista Equity Partners gave a commencement speech to Morehouse College’s graduating class. Then, the billionaire announced that he and his family would pay off the roughly 400 graduating seniors’ student loans — as well as loans taken out by students’ …

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 …