Author: Linda DiProperzio

Elizabeth Warren Sets Her Sights on Betsy DeVos

Elizabeth Warren speaking at an unspecified hearing.According to a press release published at the end of May, Sen. Elizabeth Warren (D-MA) announced the launch of DeVos Watch, an organized effort to scrutinize Devos’ management of the $1 trillion plus federal student loan program and oversight of student loan servicers.Expanding on her actions, Warren wrote an op-ed that was published by CNN, explaining how she started the effort because it was Congress’ duty to make sure DeVos and the Department of Education maintain a fiscally responsible, corruption-free student aid program that puts the needs of students first.She has certainly remained...

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Florida-based Student Loan Company Charged with Stealing from Student Borrowers

Photo taken of a resort along the water in Boca Raton, Florida.A student loan relief company based in Boca Raton, Florida is being accused by the Federal Trade Commission (FTC) of violating federal laws regarding telemarketing sales and credit repair services. The FTC halted operations of the "phony" company on May 25. The company in question allegedly stole $30 million from unsuspecting student loan borrowers.According to the press release from the FTC, the operation was run by Dave Green, the owner of Strategic Student Solutions. The company in question ran under a variety of names in addition to SSS...

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Purdue Testing Out ISAs to Help Students Pay for School

View of State Street at Purdue University after snowfall.Purdue University is testing out a new form of financial aid—an income share agreement (ISA)—in an attempt to help its students pay for their degrees without having to take on massive amounts of debt.This is just one step that Purdue has taken over the years to try to help their students pay for school. Since Mitch Daniels took over as the University’s president in 2013, he has implemented tuition freezes, lowered room and board costs, and partnered with Amazon to reduce textbook costs for students. As a result, he has cut...

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New Bill Aims to Erase Student Loan Debt in Bankruptcy

The United States Capitol Building in Washington, D.C.A new bill introduced to U.S. Congress at the beginning of May would allow individuals who file for bankruptcy to also discharge their student loan debt. Some critics warn that if the bill passes, it could cause big problems for the U.S. economy.Initially covered by The Student Loan Report in mid-May, Bill H.R. 2366—Discharge Student Loans in Bankruptcy Act of 2017—was designed to help those in financial distress, especially student debtors. Right now, student loans are not eligible for cancellation by bankruptcy. If passed, this bill could potentially erase hundreds of billions of currently...

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Woman Creates “Katie Thanks You” in Attempt to Pay Off Her Student Loan Debt

Part of the University of Michigan-Flint campus along the Flint River.One woman figured out an ingenious way to pay off her student debt which amounts to more than $90,000. In fact, it’s so simple you’ll wonder why you didn’t think of it, or you may wonder if it could ever work.In late March, Katie Curnow launched "Katie Thanks You," a project where people contribute money to assist her in paying off her the debt. What do they get in return? Curnow gives you her gratitude which is expressed in fun and interesting ways — depending on the magnitude of the “donation.”Those who...

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