The U.S. Consumer Financial Protection Bureau (CFPB) said it requested a final judgment and order that would shut down the company that has charged borrowers millions of dollars in illegal upfront fees for federal student loan services.
President Obama is now seeking to index the Pell Grant to inflation indefinitely with mandatory funding, which the administration says will cost $33 billion over 10 years.
The American Opportunity Tax Credit (AOTC) is a credit worth up to $2,500 per household, based on eligible costs that include college tuition, fees and course materials paid during the taxable year.
That much-studied and targeted group of Americans known as Millennials, born between the early 1980s and mid-1990s, are big users of Alternative Financial Services (AFS).
With the new year comes the not-so-appealing, but critically important task, of filling out the annual FAFSA (Free Application for Federal Student Aid).
These students fall into the category of claiming that the for-profit chain violated their rights.
Education Management Corporation (EDMC), the second-largest for-profit education company in the U.S., is paying $95.5 million to settle charges it falsely obtained federal and state education funds.
Despite a fairly grounded economic recovery since the 2008 financial crisis and Great Recession, the share of millennials living with their parents has surged back to levels not seen since the 1940s.
Americans’ credit balances — not including mortgages and equity lines of credit — jumped by $28.91 billion in September, or 10 percent at an annualized rate, and that’s much more than Wall Street was forecasting.
Tuition and fees at the nation’s private and public colleges continued to rise this year at a rate similar to that of the last two years — and these expenses are outpacing both inflation and household incomes.