what happens if the federal government breaks the bank for student loan borrowers

Winners and Losers in Elizabeth Warren’s Student Loan Forgiveness Proposal

Michael Lux Blog 0 Comments

Elizabeth Warren is proposing massive student loan forgiveness. Student loan borrowers who have household incomes of less than $100,000 would have their debt forgiven up to $50,000.  Households in the $100,000 to $250,000 range would have the amount forgiven gradually reduced as income went up, and those making over $250,000 …

A chronicle of the unpopular student loan moves by DeVos

Timeline of Betsy DeVos Student Loan Controversies

Michael Lux Blog 0 Comments

From the moment that Betsy DeVos was nominated to become Education Secretary, she has been a lighting rod for criticism and controversy. This page has been created to allow borrowers to chronicle the various changes to student loans that have occurred under Betsy DeVos. We will start with the most …

Settlement for Navient?

CFPB Organization Shuffle Could Mean Sweetheart Deal For Navient

Michael Lux Blog, News, Student Loans 0 Comments

In January of 2017, the Consumer Financial Protection Bureau aggressively went after federal student loan servicer Navient.  “At every stage of repayment, Navient chose to shortcut and deceive consumers to save on operating costs. Too many borrowers paid more for their loans because Navient illegally cheated them and today’s action seeks …