Heritage College closed its doors only a few days after an appeals court cleared the way for a trial on whether the school deliberately falsified attendance records and grades to receive about $32.8 million in federal funding.
Over the last 10 years or so, Congress and the Obama administration have introduced several versions of the income-driven repayment plans. What these plans have in common is they base your eligible federal student loan payments on your income and family size, ensuring those payments are affordable for most borrowers.
If you have student loans you have probably heard of what most experts are calling the “Student Loan Bailout”. Much like the mortgage bailout several years ago, millions of borrowers are having payments reduced and some even receiving refunds or forgiveness.
In a huge victory for opponents of for-profit schools, a federal panel voted Thursday to shut down the largest accrediting agency of private sector colleges and universities amid intense criticism in recent years for loose oversight of educational institutions.