Navigating the Resumption of Student Loan Payments: Tips and Insights for Borrowers
TL;DR Summary
Predatory lending in the student loan industry is not limited to for-profit schools. Some highly regarded universities are licensing their name to for-profit schools, allowing them to outsource the entire education process. The Biden administration has discharged almost $73 billion in student loan debt for over 2.5 million borrowers, including those who attended for-profit or formerly for-profit schools. However, a lawsuit is seeking to prevent the Department of Education from discharging debt for defrauded borrowers using the borrower's defense discharge.
Topics:business#debt-relief#education#for-profit-schools#higher-education#predatory-lending#student-loans
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