After reviewing the existing types of federal student loans and forgiveness programs, we discuss the current political debate over forgiveness, including the Education Dept.’s upcoming analysis of the President’s forgiveness authority and other analyses of such authority, potential legal sources of such authority, and how courts might respond to challenges to any Presidential action to forgive federal student loans.… Continue Reading
forgiveness
CFPB issues report highlighting student loan complaints from borrowers working in public service; updates examination procedures
By John L. Culhane, Jr. on
Posted in Regulatory and Enforcement, Student Loans
In conjunction with its public event today on student loan servicing, the CFPB issued a new report, “Staying on track while giving back.” The report, which provides a mid-year update on student loan complaints, highlights complaints from borrowers seeking to access federal law protections for borrowers working in the public service arena, particularly the Public Service Loan Forgiveness (PSLF) program. … Continue Reading