For-Profit College Slammed with Consumer Protection Complaint

Michael Lux Blog, News, Student Loans 1 Comment

Yesterday the Consumer Financial Protection Bureau, filed a complaint against ITT, a for-profit college headquartered in Indiana.  The CFPB complaint lays out a system in which ITT mislead students about job placement numbers, gave students a false sense of achievement during recruitment, and made unreasonable suggestions about lucrative jobs.  Once …

US Senate offers $500 a month to repay student loans… but there is one small catch*

Michael Lux Best Of, Blog, News, Student Loans 5 Comments

Since 2002, the United States Senate has had a phenomenal student loan repayment assistance program. Eligible individuals can receive up to $500 per month to pay down their student loans, and they can receive a total of $40,000 to be applied towards student loans. Unfortunately, the only individuals eligible for …