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Education Feed

Happy Mother’s Day

Today, I hope you’re having a great celebration with your mom or are remembering her if she is no longer with us. My mom, Ruth L. Slingsby, photo at left, was a hard-working, supportive mom. I miss her every day. She passed away in 2005 at the age of 89. Here are some facts and figures for Mother’s Day 2024: Read more →

Student loan companies ignored student borrowers seeking payment relief, including during the pandemic, CFPB charges

Check out carefully any student loan servicer you’re considering using. There are some bad actors in the student loan business. For example, the Consumer Financial Protection Bureau Monday took action against the National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency for multi-year servicing failures. Read more →

Deadline for many student borrowers to get loan forgiveness is coming up soon

The Biden administration is offering a temporary initiative for student loan borrowers hoping to get loan forgiveness. The deadline is April 30. Here are details from the Consumer Financial Protection Bureau: To get the most credit toward loan cancelation, borrowers with the federally managed loans listed below will need to consolidate them: Read more →

Student loan borrowers facing challenges as payments start again

After a pause for more than three years due to the covid-19 emergency, student loan borrowers are resuming payments. However, they’re things aren’t going smoothly. They're experiencing long hold times, significant delays in application processing times for income-driven repayment plans, and inaccurate billing statements and disclosures, Read more →

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 →