Loan programs

CFPB is investigating Corinthian Colleges, possibly focusing on student lending

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The Consumer Financial Protection Bureau enters the for-profit fray with an investigation of Corinthian Colleges, that references the company's loans to students. Will investigation expand?

After online petition, bank forgives dead student's loans

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KeyBank, an outlier in the lending industry, for years required the co-signing parent of one dead student to make payments on $50,000 of debt. The bank acquiesced after an online petition went viral.

Education Department Admits Flawed Data in Gainful Employment Analysis

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The Department of Education admits failing to include black students in its calculation of loan repayment rates in run-up to gainful employment. The mistake will fuel for-profit claims of unfair treatment by feds.

Budget compromise would preserve maximum Pell grant, NIH funding

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A budget compromise would slightly increase funding for the National Institutes of Health and change eligibility for the largest federal grant program for college students.

Obama administration plans to revamp how Education Department collects student loans

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After years of criticism from companies it hires to collect student loan payments, the Education Department plans to create a single standardized portal for borrowers to make payments.

Civil liberties and consumer groups sue Education Department for debt collection records

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Federal lawsuit seeks to force the Education Department to provide information about its debt collection practices, including their impact on minority borrowers.

Obama administration finalizes new restrictions on campus debit cards and other financial products

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The new rules include a prohibition on overdraft fees for campus debit cards and a requirement for colleges to publicly disclose agreements with banks and other financial institutions.

Appeals court says borrowers can sue major student loan agency

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In a decision hailed by consumer advocates, a federal appeals court rules that a major student loan agency is not immune from lawsuits.

Consumer Financial Protection Bureau Eyes New Rules for Student Loan Servicers

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Armed with a new report outlining student loan servicing problems, the consumer bureau says it's exploring tougher new regulation of the industry.

Judge approves Corinthian liquidation plan, leaving $4 million for student loan discharge efforts

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Corinthian's court-approved liquidation plan will provide $4.3 million for former students, which they will use to press U.S. to grant more sweeping discharges for students of the defunct for-profit chain.

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