Tag Archives: private student loans

Trump administration moves to make it harder for defrauded students to erase debt

by Laura Meckler, Danielle Douglas-Gabriel, Washington Post

Image courtesy of Pexels

The package is a win for colleges, particularly for-profit ventures. It’s a defeat for consumer advocates who favor a more aggressive posture against colleges that they say routinely take advantage of veterans and older students. Read More ›

CFC supports equal protection for private student loan holders (SB 16)

If a borrower defaults on a private student loan, a creditor can garnish up to 25% of that borrower’s income. If a borrower defaults on a federal student loan, the maximum garnishment is 15%. SB 16 (Wieckowski) will ensure that the maximum garnishment is the same for … Read More ›