Sound off on student loan servicing
We now want to hear from you. If you’ve had problems with student loan debt or run into repayment roadblocks, share your story.
Blog archive
Live from Milwaukee!
Today, we held a field hearing on student debt in Milwaukee. The hearing featured remarks from Director Richard Cordray, as well as testimony from consumer...
Tell us about your student debt stress
If you are paying back student loans, you are not alone. Over 40 million Americans are repaying more than $1.2 trillion in outstanding student loan debt...
Reminder: What happens to your student loans if your school is shut down
In light of recent closures of certain for-profit colleges, we wanted to share some helpful advice to help you navigate the situation.
Save the date, Milwaukee!
Join us for a field hearing in Milwaukee on student debt. The hearing will take place on Thursday, May 14 at 10 a.m. CDT.
Special announcement for Corinthian students
Along with the U.S. Department of Education, today we announced more than $480 million in forgiveness for borrowers who took out Corinthian College's...
Seeking answers for struggling student loan borrowers
Today, we're asking several players in the student loan industry to find out what progress they've made. We're looking to find out what loan modification...
A New Year’s resolution to conquer your student debt
For all of you faced with student loan payments and crafting New Year’s resolutions to conquer your debt, we’ve put together some tips to help you navigate through the noise.
Sunshine for college credit card agreements
Today, we're releasing a report that looks at deals between financial institutions and colleges to market credit cards to students. This year we found that...
Veterans: Take advantage of student loan forgiveness, but don’t let it damage your credit
We encourage all consumers to check their credit report regularly, but we want to especially encourage veterans who use this benefit to be sure that their...
Struggling private student loan borrowers are still searching for help
Our new report summarizes complaints from private student loan borrowers about difficulties faced when working with a lender or servicer to avoid default...
Special notice for Corinthian students
We announced a lawsuit against for-profit college chain Corinthian Colleges, Inc. We allege that the company lured in tens of thousands of students to take...
Student loan debt doesn’t have to be scary: Leah’s story
We understand that fear – it's why we built our Paying for College tool. It helps students and recent graduates inform themselves about the true cost of...
Working together to protect student veterans
We're joining the Departments of Veterans Affairs (VA), Defense (DoD), and Education (ED) to better protect servicemembers, veterans, and their family...
Alerting colleges about secret banking contracts
We called on financial institutions to publicly disclose agreements with institutions of higher education to market financial products to students and...
What happens to your student loans if your school is shut down
When you're told that your college will be shutting down, there can be a lot of uncertainty about what comes next. Here are some options to help you...
Explainer: Federal student loan interest rates to jump
While rates aren't set in stone yet, interest rates on new federal student loans are expected to jump this July. We've updated our Paying for College tool...
Choosing a college is a big deal. We can help!
To help you navigate these new waters, we've just launched a crisp new version of our Paying for College tool kit. Making apples-to-apples comparison of...
We’re protecting students from predatory lending
Today, we filed a lawsuit against ITT Educational Services, Inc., accusing the for-profit college chain of predatory student lending. We believe that ITT...
What sunshine for student financial products can show us
Some of these agreements were difficult to find, but here are a few examples of the different agreements financial institutions have with colleges and...
We asked about your student loans and you answered
In particular, we frequently hear that the process to allocate an extra payment to your loan with the highest interest rate – generally the best way to...
New feedback system for GI Bill and Tuition Assistance recipients
Today, the CFPB is very pleased to join the Departments of Veterans Affairs, Defense, Education, and Justice, as well as the Federal Trade Commission, in...
Helping student loan borrowers stay afloat
This morning, CFPB Director Richard Cordray, Education Secretary Arne Duncan, and Acting Deputy Treasury Secretary Mary Miller convened a meeting with the...
Sunshine for student financial products
Today, Director Cordray is alerting financial institutions about the potentially risky practice of making secret payments to colleges and universities to...
Tell us how you tackle your student debt
A number of recent graduates have asked us: why is my student loan interest rate so high? And how can I more quickly pay off this loan? Often borrowers have...
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