Navigating the Resumption of Student Loan Payments: Tips and Insights for Borrowers
TL;DR
Predatory lending in the student loan industry is not limited to for-profit schools. Some highly regarded universities are licensing their name to for-profit schools, allowing them to outsource the entire education process. The Biden administration has discharged almost $73 billion in student loan debt for over 2.5 million borrowers, including those who attended for-profit or formerly for-profit schools. However, a lawsuit is seeking to prevent the Department of Education from discharging debt for defrauded borrowers using the borrower's defense discharge.
Topics:businesseducation#debt-relief#education#for-profit-schools#higher-education#predatory-lending#student-loans
- Student loans: Predatory lending isn’t just coming from for-profit schools Yahoo Finance
- Student loan borrowers nervous about payments resuming, survey says WCCO - CBS Minnesota
- Student Loans Payment Resume: This is how a government shutdown could affect your payment Marca
- Student Loan Payments Resume Soon. 2 Things Borrowers Can Expect in October The Motley Fool
- Student Loans and Taxes: Financial Expert Gives Tips on What To Expect as Payments Resume Nasdaq
Want the full story? Read the original reporting
Read on Yahoo Finance