Tag:

Student Debt

Middlesex NJ
News
Piscataway For-Profit School Deceived Students, Forced To Pay $4.6 Million: State AG Piscataway For-Profit School Deceived Students, Forced To Pay $4.6 Million: State AG
Piscataway For-Profit School Deceived Students, Forced To Pay $4.6 Million: State AG A for-profit school in Middlesex County is being forced to pay a $4.6 million after the state said it deceived students and offered unlawful loans. Sollers Inc. which is based in Piscataway, used false and misleading job advertisements to funnel students into its programs and falsely claimed that agreements requiring students to pledge a portion of their future income in exchange for money upfront for their programs was not a loan, Attorney General Matthew Platkin said. Sollers also reached a settlement with the Federal Trade Commission.  As part of the settlement, Sollers will cancel …

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by Sam Barron
Harrison
News
Purchase College Ranks Among Top 10 Public Schools In US, New Report Says Purchase College Ranks Among Top 10 Public Schools In US, New Report Says
Purchase College Ranks Among Top 10 Public Schools In US, New Report Says A college in Westchester is near the top of its class, according to a new report ranking the best public schools in the country.  The State University of New York at Purchase, more commonly known as Purchase College or SUNY Purchase, has earned the No. 9 spot on the 2024 Top Public Schools Rankings from U.S. News & World Report.  The rankings on the list were determined by measuring several factors, including graduation rates, peer assessment, student-faculty ratio, first-generation graduation rate performance, borrower debt, and the number of alumni earning more than a high s…

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by Ben Crnic
Capital District
Politics
Brand-New Siena College Poll Reveals NYers' Reaction To Student Loan Forgiveness Plan Brand-New Siena College Poll Reveals NYers' Reaction To Student Loan Forgiveness Plan
Brand-New Siena College Poll Reveals NYers' Reaction To Student Loan Forgiveness Plan When it comes to President Biden’s sweeping plan to forgive thousands of dollars in federal student loans, a majority of New Yorkers support the move, according to a fresh Siena College poll.  The poll found that by 56 to 33 percent, New Yorkers supported the plan, which would forgive up to $20,000 in debt for those who received Pell Grants with loans held by the Department of Education. Non-Pell Grant recipients would have $10,000 in student debt canceled. Among those polled, 29 percent think Biden’s plan goes too far, while 21 percent said it doesn’t go far enough. Thirty-nine …

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by Michael Mashburn
Hampden
News
Massachusetts To Have $41M In Student Debt Canceled As Part Of $1.85B Settlement Massachusetts To Have $41M In Student Debt Canceled As Part Of $1.85B Settlement
Massachusetts To Have $41M In Student Debt Canceled As Part Of $1.85B Settlement A total of $41 million in private student loan debt will be canceled in Massachusetts after an investigation into one of largest student loan servicers in the United States found it deceived thousands of borrowers. Attorney General Maura Healey announced on Thursday, Jan. 13, that a coalition of 39 attorneys general negotiated the $1.85 billion settlement with Navient. Healey said the relief is provided to resolve allegations of "widespread unfair and deceptive student loan servicing practices and abuses in originating predatory student loans." Under the terms of the settlement, Navie…

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by Nicole Valinote
Brookfield
News
CT To Have $19M In Student Debt Canceled As Part Of $1.85B Settlement CT To Have $19M In Student Debt Canceled As Part Of $1.85B Settlement
CT To Have $19M In Student Debt Canceled As Part Of $1.85B Settlement Connecticut Attorney General William Tong announced that $19 million in loan debt is being canceled for student borrowers in the state after an investigation into one of the country's largest student loan servicers found it deceived thousands of borrowers. Tong said in an announcement on Thursday, Jan. 13, that a coalition of 39 attorneys general negotiated the $1.85 billion settlement with Navient.  A multistate investigation found that since 2009, Navient deceived thousands of student loan borrowers into forbearance plans that led them to pay more than they should have paid, Tong sai…

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by Nicole Valinote
Fairfield
News
COVID-19: CT Community Colleges Forgive $17M In Student Debt COVID-19: CT Community Colleges Forgive $17M In Student Debt
Covid-19: CT Community Colleges Forgive $17M In Student Debt The president of Connecticut State Colleges and Universities has announced debt relief for community college students hit hard by the COVID-19 pandemic. Debt the students took on that they can’t repay due to the pandemic will be forgiven, CSCU said. In total, $17 million in debt will be forgiven, and it will be paid for with money from the federal Higher Education Emergency Relief Fund. The forgiveness includes all account balances from enrollment during semesters between the summer of 2019 through spring of 2021. CSCU said this relief will impact 18,161 community college students. “Our m…

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by Nicole Valinote
DV Plus - Westchester
Politics
Chappaqua TV Anchor, Bedford Supervisor Among Early Candidates Vying For State Assembly Seat Chappaqua TV Anchor, Bedford Supervisor Among Early Candidates Vying For State Assembly Seat
Chappaqua TV Anchor, Bedford Supervisor Among Early Candidates Vying For State Assembly Seat Bedford Supervisor Chris Burdick and Kristen Browde, a Chappaqua attorney and former network TV anchor, are the latest to join a crowded field of candidates running for the 93rd Assembly District.  Other Westchester residents previously announcing their candidacy for Assemblyman David Buchwald's seat include White Plains atrorney Jeremiah Frei Pearson, activist Richard Payne, Greater New York Chamber of Commerce President Mark Jaffe and Alex Roithmayr, who is Buchwald's chief of staff. In October, Buchwald announced his intention to run for U.S. Rep. Nita Lowey's congressiona…

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by Jon Craig
White Plains
Lifestyle
$86 Billion: That's What Three Million New Yorkers Owe In Educational Loans $86 Billion: That's What Three Million New Yorkers Owe In Educational Loans
$86 Billion: That's What Three Million New Yorkers Owe In Educational Loans Student debt numbers are astronomically high in New York, with about three million residents owing a total of approximately $86 billion, News 10 reports. The New York Assembly conducted a hearing Tuesday, Nov. 27 to determine whether or not legislative action may be necessary to alleviate the growing problem. "New Yorkers are hurting. The student loan borrowers in this state are teachers, nurses, service members and veterans, young and old, urban and rural and black and white,” said Seth Frotman, the former Student Loan Ombudsman at the Consumer Financial Protection Bureau. As a whole, Ame…

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by Valerie Musson
New Canaan
Lifestyle
Millennials Are Choosing Suburbs Over Cities, New Survey Says Millennials Are Choosing Suburbs Over Cities, New Survey Says
Millennials Are Choosing Suburbs Over Cities, New Survey Says A new survey shows a fascinating shift in trends when it comes to millennials and their preferred living situations. The survey, titled "The Millennial Economy 2018,’" went over some key figures and compared them with perceptions of generations past. The survey includes an array of data regarding the timelines for many major milestones, e.g., moving out of their parents’ house, buying a home, and getting married. Even though the survey shows that more than 80 percent of millennials have to delay home ownership as a result of student debt, they still have their sights set on the suburbs for…

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by Valerie Musson
Mahwah-Ramsey
Schools
REPORT: Ramapo College Ranks Among Top 10 In U.S. For Low Student Debt REPORT: Ramapo College Ranks Among Top 10 In U.S. For Low Student Debt
Report: Ramapo College Ranks Among Top 10 In U.S. For Low Student Debt MAHWAH, N.J. – Ramapo College of New Jersey in Mahwah ranks among the top 10 best value colleges in the country at graduating students with the lowest average debt, according to a new list released by Kiplinger. Kiplinger – a Washington, D.C.-based publisher of business forecasts and personal finance advice – found that in 2016 “the average student borrower at a four-year private college graduated with $32,000 in debt, while those attending public colleges borrowed an average of $27,000.” But Ramapo was one of the schools “most successful at getting their students out the door with the lowe…

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by Lauren Kidd Ferguson