HAMPTON, VA — In April 2022, Hampton University announced that they would be clearing all outstanding balances for students enrolled in the Spring 2022 term. Soon to be former Hampton University President Harvey released the following statement, “Recognizing that many Hampton University students and their families have continued to experience financial hardships and have suffered … Continue reading →
WASHINGTON (AP) — The Education Department is pursuing debt collection — rather than debt relief — for nearly 80,000 former students of Corinthian Colleges, despite federal and state findings that the now-defunct for-profit chain defrauded students, Sen. Elizabeth Warren said in a blistering critique of the administration’s actions. The Massachusetts Democrat reported the findings of … Continue reading →
WASHINGTON (AP) — The Consumer Financial Protection Bureau opened a public inquiry Thursday into student loan servicing practices that it says can make paying back loans “stressful or harmful.” Private and federal student loan debt totals more than $1.2 trillion. Loans often are not serviced by lenders but by a company that processes monthly payments, … Continue reading →
WASHINGTON (AP) — The Consumer Financial Protection Bureau opened a public inquiry Thursday into student loan servicing practices that it says can make paying back loans “stressful or harmful.” Private and federal student loan debt totals more than $1.2 trillion. Loans often are not serviced by lenders but by a company that processes monthly payments, … Continue reading →
WASHINGTON (AP) — Corinthian Colleges canceled classes Monday and shut down all of its remaining 28 ground campuses, displacing about 16,000 students, less than two weeks after the Education Department announced it was fining the for-profit institution $30 million for misrepresentation. The Santa Ana, California-based company said it was working with other schools … Continue reading →
WASHINGTON (AP) — The Education Department says it will fine Heald College $30 million, alleging the Corinthian Colleges subsidiary engaged in egregious misconduct and misled students. Corinthian, a massive for-profit educational institution, collapsed last summer amid a cash shortage and fraud allegations. The department alleged that Heald, based in San Francisco, had shown a … Continue reading →
WASHINGTON (AP) — Former and current college students calling themselves the “Corinthian 100” say they are on a debt strike and refuse to pay back their student loans. The name comes from Corinthian Colleges Inc., which operated the for-profit Everest College, Heald College and WyoTech schools before agreeing last summer to sell or close its 100-plus … Continue reading →
LOS ANGELES (AP) — There is a growing divide between who earns a bachelor’s degree by age 24, with the gap between the nation’s richest and poorest students doubling during the last four decades, according to a report released Tuesday. The percentage of students from the lowest-income families — those … Continue reading →