As part of the agreement, the company is expected to forgo collecting nearly $493.7 million in debts owed by former students, including an estimated $12.2 million for about 4,800 Ohioans. This settlement will provide debt relief for thousands of former students, and it will require Career Education Corporation to take specific steps to help prospective…
FRANKFORT Attorney General Andy Beshear announced Friday a consumer protection settlement benefiting nearly 700 students in Kentucky and Southern Indiana who attended one of the states for-profit colleges, Spencerian. Under the terms of the settlement, Sullivan University, which owned Spencerian, has agreed to forgive more than $1.7 million in private loan debt and provide other…
LACONIA It is better to give than to receive, so the Scriptures tell us. A group of current and former Laconia residents have been putting that saying into practice by giving money to the Laconia schools lunch program to help offset its growing deficit. Lynn Brody Keltz was inspired to make the first donation in…
The start of a new year is an opportunity to reset and refocus on all the goals you missed out on last year. For many people, a great place to begin getting on track for the life you want means financial stability. Especially hot off the tails of the holiday season, now is a good…
By Kathleen Megan, ctmirror.org Published 6:04pm EST, Thursday, January 3, 2019 About 1,415 Connecticut residents who attended institutions run by the for-profit education company, Career Education Corp., will receive debt relief as a result of a national settlement with 49 state attorneys general, including Attorney General George Jepsen. Jepsen announced Thursday that Career Education Corp.…
For-profit education company Career Education Corporation misrepresented the cost of attendance and job placement rates to its students OLYMPIA More than 3,000 Washingtonians will receive more than $7.6 million in debt relief from Career Education Corporation (CEC), a for-profit higher education company, as part of Attorney General Bob Fergusons legal action over the companys use…
Student-loan debt is a prevalent issue in the US, with more than 44 million borrowers owing $US1.5 trillion, Forbes reported last year. Here, a married man in his late 20s shares how he and his spouse are paying back her six-figure student-loan debt through real-estate investing. Instead of working to pay down the debt as…
January 2, 2019 Pedestrians in the snow in Tokyo, Japan: the country is one of the top three borrowers in the world (photo: Morio Taga/Newscom) Until recently, we had a partial view of global debt. Our new update to the IMFs Global Debt Database, first made public in May 2018, now fills even more of…
David Moloney, the founder of Internal Consulting Group and the head of its global financial services practice, says the changes being implemented fit with his analysis of the evolution of the financial system. He says the financial system is going through three eras: detriment reduction, competition and the betterment of society. He says the Hayne…
South Lakes Citizens Advice is acharity that is there with advice and support for everyone. Citizens Advice sees more people dealing with many different types of problems and challenges in their lives than any other organisation. At worst some of the difficulties people experience can be ruinous to their lives and relationships, resulting in, for…