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On November 17, 2022, the United States Department of Justice (DOJ) issued new guidance for U.S. Department of Education student loan discharge cases filed in Bankruptcy Court. The new guidance is designed to increase fairness in the handling of these types of cases. If you qualify under the new guidance, the DOJ could recommend that you are no longer required…
Few segments of the population in the United States have been untouched by economic difficulties. One group hit particularly hard by slow job growth and stagnant wages is recent college graduates. Indeed, faced with rising tuition costs, many students take out thousands of dollars in loans while in school. Only later do they find that it is difficult—if not impossible—to…
The Attorneys General for 39 states entered into a settlement agreement with Navient (formerly known as Sallie Mae), a large national student loan servicer, “to resolve allegations of widespread unfair and deceptive student loan servicing practices and abuses in originating predatory student loans.” The settlement was released on January 13, 2022. The release can be found at www.navientagsettlement.com. The big…