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 […]
Tag: student loans
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.