Student loan debt relief watch out for scams – New Jersey 101.5 FM Radio

At least $95 million was deceptively obtained from American consumers by scam-artist student loan debt relief groups over the past couple years, according to crackdown results revealed by the Federal Trade Commission. Zephyr Picture, Getty Images In the first-ever coordinated federal-state initiative targeting deceptive practices aimed toward those struggling to repay college loans, 36 actions…

Mike Pence’s Closest Ally Is Helping The Shady Student Debt Relief Industry – BuzzFeed News

One of Vice President Mike Pences closest allies advised a cadre of student debt relief companies some of which are facing an unprecedented nationwide crackdown for preying on vulnerable borrowers on how to lobby Washington and fend off regulators. Marty Obst, a longtime adviser to Pence and operative closely aligned with Trumps outside political operation,…

Cities Seeking Debt Assistance From State Can’t File For Bankruptcy, Lawmakers Say – Hartford Courant

Connecticut cities seeking state assistance with debt payments would be prohibited from filing for bankruptcy. Under the latest state budget proposal, municipal leaders can apply to have the state pick up a portion of their annual debt payments, a move that is being considered in the cash-strapped capital city. In a new draft of legislation…

Government confirms city teachers to get help paying off student debt – Stoke Sentinel

The Government today confirmed Stoke-on-Trent teachers will benefit from a pilot scheme to pay off part of their student debts. It will initially target teachers specialising in science or modern foreign languages to help ease recruitment and retention problems. The full details have yet to be released, but eligible teachers will be reimbursed for at…

Great-West Life launches pilot program to help students with debt – Advisor.ca

Canadians enter the workforce with an average of nearly $27,000 in student loan debt, finds a survey by Consortium, C.U. The debt typically takes 10 years to repay, which means many delay saving for traditional life goals like home ownership, starting a family or retirement. Great-West Life is piloting a voluntary retirement and savings program with select…

UK Treasury mulls plan to offer those struggling with problem debt six-week ‘breathing space’ – The Independent

People who are suffering from problem debt could be granted a six-week grace period to get their finances back on track, under new plans being considered by the Treasury. Under the plans, those plagued with excessive household debt would be exempt from further interest, charges and enforcement action for a period of six weeks, which…