Business > Congress

8.5 million student-loan borrowers get one more year with a company Elizabeth Warren says was 'caught lying to Congress about its atrocious record of fines and penalties'

23 days ago   |   By Business Insider

Sen. Elizabeth Warren lit into PHEAA in July.
Kevin Dietsch/Getty Images
PHEAA, a student-loan company servicing 8.5 million borrowers, is extending its contract by a year.
It first announced in July it was ending its federal loan servicing this year.
PHEAA has come under fire over accusations of misleading borrowers and lying to Congress.
In July, the Pennsylvania Higher Education Assistance Agency - a student-loan company that handles 8.5 million borrower accounts - announced it would be shutting down its federal loan services in December. On Wednesday, though, the company reversed...
Read more ...

 


Search by Tags

   Congress      Economy      Politics      Markets      Policy      Student Debt      Student Loans      Fedloan servicing      Elizabeth Warren      Education Department      Public Service Loan Forgiveness Program  


Project Pop-Up: Entrepreneurs set up shop in Boston, eastern Mass

Project Pop-Up: Entrepreneurs set up shop in Boston, eastern Mass

Many business communities are learning that many entrepreneurs were born during the pandemic, as new brands are coming to life. Read more ...

The Dallas Cowboys Do Not Need Ezekiel Elliott

The Cowboys have invested a lot into Ezekiel Elliott, but their win over the Saints reaffirmed his status as an unproductive luxury. Read more ...

Las Vegas welcomes the era of the food court

Food halls and courts are more numerous on the Strip than in years past, and experts say the shift is driven by customers looking for more variety and value. Read more ...

Here's When ‘Fortnite' Returns And Chapter 3 Begins

Fortnite is down. Here's everything you need to know as we wait for Season 3 to go live. Read more ...

CNN Fires Chris Cuomo

CNN said in a statement Saturday that it had terminated Cuomo effective immediately after a review by an outside law firm turned up 'additional information.' Read more ...

The 10 Best New Movies Added To Netflix In December

Here are the best new movies you can expect to find on Netflix this month. Read more ...

CNN Fires Chris Cuomo Over His Efforts to Help Andrew

“We retained a respected law firm to conduct the review, and have terminated him, effective immediately,” the cable network said on Saturday. Read more ...

Quick Tip: Scammers use QR codes to embed malicious links, BBB says

Look before you scan! The Better Business Bureau has seen more reports of scammers using QR codes. Read more ...

City hit with lawsuit over Black workers' treatment at Dept. of Buildings

White supervisors at New York City' Department of Buildings' Office of the Buildings Marshal used the N-word around black employees and wrote them up for frivolous infractions... Read more ...

Trump's digital media venture says it has lined up $1 billion from investors...

Former President Donald Trump. Sean Rayford/Getty Images Donald Trump's new media venture and its SPAC partner says it has $1 billion in investment pledged by institutional... Read more ...