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Education Feed

Irritated over ‘junk’ fees? Let the FTC know the details

Junk fees – those hidden and bogus charges that have found their way into a wide variety of transactions – are on consumers’ minds. After receiving more than 12,000 comments about how these fees impact consumers and businesses, the FTC announced on Oct. 11, a proposed rule on deceptive fees. It's now looking for further feedback. Read more →

What you need to know about One Health Day

On Friday, I had a busy day and missed the announcement that it was One Health Day. It’s a global campaign that brings attention to the need for a coordinated approach to address shared health threats at the human-animal-environment interface. I’d never heard of One Health Day before, but it addresses health concerns I’ve written about over the years: Read more →

Be wary of for-profit colleges that hide the truth about their results

It’s heartbreaking. I’ve seen young people sign up for for-profit colleges and they use their laptops to complete the courses. They expect great things from the programs they choose. However, the results are usually poor, despite what the advertising says. Most colleges will give you a valuable education that can help you achieve your career goals. Read more →

Watch out for student loan debt relief companies that cheat consumers

Paying off student loans is bad enough without being ripped off by a dishonest company. Some companies pretend to be affiliated with the Department of Education, charge illegal junk fees, and lure students with repayment programs and loan forgiveness that don’t exist. The FTC is banning two student loan debt relief companies for these illegal activities Read more →

Beware of confusing college tuition payment plans that could result in late fees and increased debt

Students can get into trouble when entering into agreements with colleges to spread the cost of tuition into several, interest-free loan payments. Many plans have conflicting disclosures and confusing repayment terms, which put students at risk of missing payments, getting late fees, and piling up debt, a report by the Consumer Financial Protection Bureau found. Read more →

Asked to pay for help with your student loans? Don’t do it.

If someone tells you that you need to pay to sign up for government student loan debt relief program, run away as fast as you can. Scammers want to hook you and fill their pockets with your money, while their “advice” may make your student loan problems worse. The FTC offers the following tips for how to spot scam companies: Read more →

Biden administration cancels $39 billion in student loans for more than 800,000 borrowers that had errors in their payment records

More than 804,000 borrowers will have $39 billion in federal student loans discharged in the coming weeks, the U.S. Department of Education announced Friday. The discharges are fixes to ensure borrowers have an accurate count of monthly payments that qualify toward forgiveness under income-driven repayment plans. Read more →

Which cities have the most and least student debt this year?

Graduations are coming up and many parents and students are thinking about student debt, which totals $1.63 trillion in the United States. That's about $37,600 per borrower. In the short term, students are not overly optimistic about their financial situation, as 88 percent are concerned about the economy and 80 percent are worried about inflation, Read more →

Two student loan debt relief scammers shut down

Paying off student loans is a big job, especially since it usually takes most people years to achieve it. Consumers need to beware of debt relief companies that promise quick loan forgiveness. Scammers claim they’ll help you, for a fee, but their schemes often leave you deeper in debt. The FTC has stopped two student loan debt relief schemes. Read more →

What to do when ‘May the Fourth be with you’ is your birthday

Today’s my birthday. Yes, I do get a lot of “May the Fourth be with you” comments. I just shrug it off that my birthday, to some, is an unofficial Star Wars holiday. Since I’m an older adult, I’m thinking a lot today about friends and relatives that I’ve celebrated birthdays with in the past who are gone. My favorite birthdays? Read more →