Tag: student loans

Navient charged student borrowers too much, says CFPB

Navient charged student borrowers too much, says CFPB

| February 27, 2017

By Charlene Crowell (NNPA Newswire Columnist) The financial futures of more than 12 million federal and private student loan borrowers who collectively owe approximately $300 billion is at the crux of a lawsuit filed by the Consumer Financial Protection Bureau (CFPB). CFPB is suing Navient Corporation and two of its subsidiaries for using shortcuts and […]

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Private student loans no better than using a credit card for college

| December 11, 2013

An analysis of the recent Consumer Financial Protection Bureau’s Student Loan Ombudsman report concluded that private student loans (PSLs) are a risky and high-cost method to pay for a college education. PSLs comprised seven percent of student loans taken out last year and are 15 percent of the nation’s total outstanding student loan debt.

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