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 …
Read More »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 …
Read More »