July 17, 2015

Debt Collection Agency Run By Ex-Bush Official & Ex-Corinthian Exec Sues To Pile More Penalties on Broke Students

BillHansen

Inside Higher Ed reports today that USA Funds, a corporation engaged in collecting federal student loan debts from borrowers, has sued the U.S. Department of Education over a policy statement the Department released last week barring companies from charging loan collection fees to students who default but promptly make arrangements to resume payments. USA Funds’s complaint says the
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