Borrowers who say they were duped into paying for useless help in reducing their student debt now have a way to fight back. A New York public interest law firm has filed a class action complaint against Equitable Acceptance Corp. and dozens of its affiliates. The New York Legal Assistance Group is taking calls from … Continued
Pursuing student loan forgiveness entails a decade of meticulously recorded payments, hours on hold with your servicer and infinite patience. Success, however, arrives without much fanfare. Public defender Shelly Tomtschik was in court when she got the email notifying her that the quest was over: “Congratulations! After final review of your Public Service Loan Forgiveness … Continued
Tammy Trevino wasn’t sure whether to borrow a federal student loan or a private student loan for her daughter’s education. Then she learned federal loans come with an origination fee that private loans typically don’t. “I was surprised,” says Trevino, 52, from Victoria, Texas. “My assumption was [federal loans] would be the best, easiest option … Continued