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 …