The draft shopping sheet – a model financial aid disclosure form – makes the costs and risks of student loans clear upfront, before students have enrolled...
During the past year, the Bureau has engaged in an indepth review of short-term small dollar loans, specifically payday loans extended by nondepository...
Today, I want to talk to you about some of the issues people encounter when they are paying back debts. Specifically, I want to discuss the debt collection...
Senior Economist
Consumer Bureau Launches “Certify Your Service” Campaign to Help Teachers, First Responders, and Other Public Servants Stay on Track.
Millions of students seek postsecondary degrees in the hope that advancing their education will lead to better job opportunities, higher earnings, and greater economic security for themselves and their families. But many institutions of higher education are precluding students from making professional and educational gains by withholding their official transcripts to collect education-related debts.
In October, most federal student loan borrowers will make their first student loan payments since March 2020. Changes to the federal student loan program, though, may mean many borrowers are eligible for a reduced payment or a loan cancellation.
Consumer Bureau Launches “Certify Your Service” Campaign to Help Teachers, First Responders, and Other Public Servants Stay on Track.
Today the Bureau is filing a lawsuit against Navient (formerly part of Sallie Mae), which is the nation's largest servicer of both federal and private...
Today, the Bureau Student Loan Ombudsman released a report highlighting complaints by struggling private student loan borrowers who describe being driven...
By holding today's hearing, it is clear that many of you are keenly interested in finding solutions for some of the troubling trends in the student loan...
Wondering how to keep your student loans in order? Stay on top of your student loans by doing these three things every year.
Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order against the student loan servicer Navient for its years of failures and lawbreaking.
Are you working in public service? Check out these tips for earning Public Service Loan Forgiveness.
Higher student loan interest rates could cost students over $3 billion in additional interest for loans taken out in this year alone.
This is why the CFPB is assisting the Department of Education with creating a "financial aid shopping sheet" that colleges could use to improve information...
Protect yourself and be aware of the warning signs of student loan scams. Learn how to identify and avoid scams, including student loan forgiveness scams.
Last month, we published a report on student loan affordability, which talked about the problems borrowers experienced when repaying student loans with high...
2024 Student Loan Ombudsman annual report, with an analysis of student loan borrower complaints and policy recommendations.
Servicers Still Failing to Provide Legal Protections to Military Borrowers Today the Bureau released a report outlining the continued challenges faced by...
