Chester County News and Community Website
WASHINGTON, D.C. — Yesterday, Representatives Chrissy Houlahan (D-PA) and Jim Baird (R-IN) announced their bipartisan legislation, the Public Service Loan Forgiveness (PSLF) Payment Completion Fairness Act, to make a long-overdue …
Reps Houlahan, Baird Introduce Bipartisan Legislation to Simplify Student Loan Forgiveness for Public Servants Read More
WASHINGTON, D.C. — The U.S. Department of Education (Department) recently announced an extension of the pause on student loan repayment, interest, and collections through August 31, 2022. While the economy …
Biden-Harris Administration Extends Student Loan Pause Through August 31 Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently sanctioned Edfinancial Services, a student-loan servicer, for making deceptive statements to student loan borrowers and misrepresenting their forgiveness and repayment …
CFPB Sanctions Edfinancial for Lying about Student Loan Cancellation Read More
WASHINGTON, D.C. — On Friday, the Consumer Financial Protection Bureau (CFPB) released a bulletin detailing student loan servicers’ obligation to halt unlawful conduct regarding borrowers’ eligibility and benefits under the …
CFPB Steps Up Scrutiny of Student Loan Servicers That Deceive Borrowers About Public Service Loan Forgiveness Read More
WASHINGTON, D.C. — The Federal Trade Commission announced that its years-long investigation into DeVry University continues to benefit consumers, as the U.S. Department of Education will forgive $71.7 million in …
US Dept. of Education to Forgive $71.7 Million in Loans for Students Deceived by DeVry University Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced it will begin examining the operations of post-secondary schools, such as for-profit colleges, that extend private loans directly to students. …
Consumer Financial Protection Bureau to Examine Colleges’ In-House Lending Practices Read More
WEST CHESTER, PA — After a nearly two-year pause, federal student loan payments are scheduled to resume early in the new year, and when they do, many borrowers may find …
AccessLex Institute to Provide Free Webinars with Vital Student Loan Repayment Information Read More
WASHINGTON, D.C. — The U.S. Department of Education has announced stronger standards for performance, transparency, and accountability for its student loan servicers aimed at protecting borrowers. Six loan servicing companies …
U.S. Department of Education Increases Servicer Performance, Transparency, and Accountability Before Loan Payments Restart Read More
WASHINGTON, D.C. — The U.S. Department of Education announced that the office of Federal Student Aid (FSA) has retroactively waived interest on loans held by more than 47,000 current and …
U.S. Department of Education Grants Interest Rate Benefit to More Than 47,000 Service Members Read More WASHINGTON, D.C. — The U.S. Department of Education this week released a new legal interpretation that revises and clarifies its position on the legality of state laws and regulations that …
Department of Education Releases New Interpretation to Encourage State Collaboration on Student Loan Servicing Read More