In a lawsuit filed this week in U.S. District Court in Harrisburg, Pennsylvania, the Consumer Financial Protection Bureau accused Navient of a long list of improprieties and deceptive practices in collecting and servicing some $300 billion in student loans.
Over the past decade, there have been at least 65 state and federal investigations against for-profit colleges. More than 25 of these investigations have ended in court settlements or judgments worth over $1.5 billion. Yet to date, fewer than 35,000 people across the nation have been confirmed to have gotten any money back from their for-profit schools because of these court actions.
In recent years, schools around the country have made a major push to put wireless devices into the hands of every student. But it creates a disadvantage for those who don’t have access to the internet at home.
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More than 8 million borrowers have defaulted on their student loans. For millions more, the financial burden of those loans has altered lives, relationships, even retirements. Here’s a look at how people are coping with their debt.
A new report could be the most comprehensive investigation into the presence of the toxic substance in public schools since they were first used in classrooms across the United States more than 70 years ago.
Corinthian Colleges was one of the world’s largest for-profit college chains – and one of the biggest moneymakers. But even in a boom-and-bust business, its closure and bankruptcy in 2015 was a remarkable collapse.
Texas state law guarantees many students a chance to go to one of the state’s flagship universities if their grades place them near the top of their class. But few top students from poor, mostly minority high schools actually attend.
Just about everyone involved in the student loan industry these days – banks, private investors and even the federal government – makes money off the borrowers. On this episode of Reveal, we explore how this happened and who’s profiting from student debt.
