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July

17
2023
Trends

A staggering 51% of parents now worry they’ll have to ‘put off retirement’ after co-signing their kids' college loans

The cost of getting a college education in the U.S. has been trending upwards for the last two decades. But once you factor in record-setting inflation and a spike in the cost of living, what was once a stretch for many middle-class Americans has now become a breaking point.

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July

14
2023
Industry News

State Partners and CFPB Sue Prehired For Illegal Student Lending Practices

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) joined with several state attorneys general and a state regulator to take action against Prehired for deceptive marketing and debt collection practices.

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July

14
2023
Industry News

Biden-Harris Administration to Provide 804,000 Borrowers with $39 Billion in Automatic Loan Forgiveness as a Result of Fixes to Income Driven Repayment Plans

The Department of Education (Department) today will begin notifying more than 804,000 borrowers that they have a total of $39 billion in Federal student loans that will be automatically discharged in the coming weeks.

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July

14
2023
Industry News

FCC Seeks Comments on Call Blocking Notifications

The Federal Communications Commission is moving forward with a proposed rule that would implement call blocking notification requirements for voice service providers, among other items.

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July

14
2023
Industry News

Attorney General Ellison sues for-profit educational provider for illegal student lending practices

July 13, 2023 (SAINT PAUL) — Minnesota Attorney General Keith Ellison announced today that he has filed an enforcement action against for-profit educational provider Prehired for deceptive marketing and lending practices.

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