Education Feed

Americans resolving to pay off debts and save money in 2020, survey shows

The New Year is approaching fast, and money continues to be America’s top concern with almost 99 million people planning to make a financial resolution for 2020. A survey found the No. 1 financial resolution for men is to save more and for women to pay off debt. Read more →

University of Phoenix settles with FTC for $191 million over deceptive ads

The University of Phoenix and its parent company, Apollo Education Group, will settle for a record $191 million to resolve FTC charges that they used deceptive advertisements, which falsely described their relationships and job opportunities. Read more →

Facts and figures for Labor Day 2019

Facts and figures for Labor Day 2019 include 1894 was the year Congress officially made the first Monday in September a federal holiday and 35 percent of the work force belonged to unions in the 1950s compared to 10.5 percent in 2018. Read more →

Appeals court decides in favor of student loan borrowers

The U.S. Court of Appeals for the Seventh Circuit issued an unanimous decision Thursday that opens the door for student loan borrowers to sue their servicer when they’re misled or mistreated. The three-judge panel ruled in the case Nelson v. Great Lakes Education Loan Services Inc. that federal law doesn’t... Read more →

Where are baby boomer living now?

By Florentina Sarac, Guest Blogger Researcher for RENTCafé As a generation that values individual choice and can easily adapt to change, baby boomers are known to favor certain parts of the country when it comes to retiring. No longer tied to a particular city, many prefer to pack up their... Read more →

Baby boomers dive into summer with topics ranging from sex to hearing aids

It’s summer, with some areas of the country roasting while we in the Seattle area are keeping our cool – mostly. Here are the topics for this week’s Best of Boomer Blogs: How anxiety attacks are sending you a message. How traveling is a lot like sex. Report on the... Read more →

Sloppy practices by student loan servicers create obstacles to repayment, consumer group says

U.S. Department of Education data shows that nearly a quarter of the more than 43 million federal student loan borrowers are in trouble with their loan payments. These borrowers need high-quality, timely assistance, but, unfortunately, the student loan servicing industry has long been rife with misconduct, said Joanna K. Darcus,... Read more →

51 attorneys general ask for automatic cancellation of student debt for disabled veterans

Fifty-one attorneys general are urging the U.S. Department of Education to forgive the student loans of veterans who are permanently disabled due to their military service. The bipartisan coalition issued a letter Friday. Last year, the department identified more than 42,000 veterans as eligible for student loan relief due to... Read more →

New York Times editorial rips Trump administration for failing to protect borrowers

With the Trump administration proposing to reduce federal oversight of mortgage lending, perhaps the most obvious lesson from the 2008 financial crisis, the need for stricter supervision of mortgage lending, has been lost, the New York Times editorial board said in an editorial Thursday. The Consumer Financial Protection Bureau was... Read more →