New Secretary of Education addresses student loan repayment options, debt relief scams – UT The Daily Texan

Paying off student loans isnt easy and can take years, but the Department of Education is trying to make it easier through streamlined repayment options.  In a conference call Friday with U.S. student reporters, Education Secretary John King Jr. spoke about two ways the department is attempting to streamline the student loan repayment process: income-driven…

Beware Of Student Debt Relief Companies Charging Upfront Fees – Legal Reader (blog)

A Federal Judge ordered a student debt relief company to immediately cease providing debt relief services to borrowers. The Consumer Financial Protection Bureau, (CFPB) has accused the company of illegally charging upfront fees before providing any services to borrowers. Student Loan Processing, which also operates as Irvine Web Works, has 45 days to cease operations but must immediately…