The nine companies and organizations tasked with servicing the accounts of the nation's 30 million student loan borrowers repeatedly failed to do their jobs properly over a period of years, a new report finds.
The American Federation of Teachers filed a lawsuit Wednesday against Navient, alleging that it failed to guide eligible borrowers through a critical student loan forgiveness program. Navient has major operations in Fishers.
Education Secretary Betsy DeVos' move to delay Obama-era regulations to help students defrauded by for-profit colleges was dealt a setback Wednesday.
The Trump administration is granting only partial loan forgiveness to the vast majority of students approved for help because of fraud by for-profit colleges, according to preliminary Education Department data.
Seth Frotman will be stepping down as student loan ombudsman at the end of the week, citing what he says is the White House's open hostility toward protecting the nation's millions of student loan borrowers.
Student-loan debt collectors accused of misleading borrowers would get more protection under a proposal from the Trump Administration.
The expansion is the second for the student loan giant in Indianapolis in less than two years.
The Department of Education is considering only partially forgiving federal loans for students defrauded by for-profit colleges, according to department officials, abandoning the Obama administration's policy of erasing that debt.
The AFL-CIO is asking regulators for a review of possible insider trading involving shares in Navient Corp., which has major operations in Fishers.
Students who attended for-profit colleges were twice as likely or more to default on their loans than students who attended public educational institutions, according to a federal study published Wednesday.
Student loan giant Navient Corp., which has major operations in Fishers, has suffered a pair of courtroom defeats in its attempt to block government lawsuits alleging borrowers had been mistreated.
Indiana residents who attended schools operated by Corinthian Colleges Inc. are eligible for cancellation of federal student loans used to pay tuition, Indiana Attorney General Curtis Hill said Wednesday.
A new analysis of government data by the Consumer Federation of America found that the number of Americans in default on their student loans jumped by nearly 17 percent last year.
Navient Corp. has been sued by a U.S. regulator over allegations that the student loan giant failed to properly service private and federal loans. Navient has major operations in Indiana.
The Fishers-based not-for-profit announced Wednesday that it will transfer ownership of two affiliates—United Student Aid Funds and Northwest Education Loan Association—to Madison, Wisconsin-based Great Lakes Higher Education Corp. on Jan. 1.
Six of Indiana’s U.S. representatives filed legislation Tuesday to help veterans regain their GI Bill education benefits after the closure of ITT Technical Institute.
Students who opt to participate in the program, called "Back-a-Boiler," enter into income-share agreements rather than taking out a traditional college loan.
The for-profit educator has struggled with demand at 22 of its 26 locations nationwide. The college also just emerged from deep legal trouble as the result of its recruiting practices.
Has Indiana made any progress in tackling student debt since students started racking it up through the Great Recession? The answer is somewhat complicated, higher education finance experts say.
Purdue University is taking the next step toward a controversial program in which students could get financial help for school from so-called investors in exchange for some of their future earnings.
