Conduent Loan Verification Certificate Settlement

Conduent Education Services, LLC (CES), Access Group, Inc., and Access Funding 2015-1, LLC—three entities that held or serviced Federal Family Loan and Education Program (FFELP) loans—are paying more than $3 million to settle a class action. The complaint alleged that, when student loan borrowers applied for Direct Loan Consolidation, CES did not provide loan verification  Read more

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ITT Technical Institute and Daniel Webster College Bankruptcy Settlement

In September 2016, ITT Educational Services, Inc., ESI Service Corp., and Daniel Webster College, Inc. filed bankruptcy petitions seeking relief under Chapter 7 of the US Bankruptcy Code. This settlement relates to former students who filed claims against the institution. (A separate class action and settlement relate to employees.)  Read more

ITT Technical Institute

National Collegiate Student Loan Trusts Student Loan Collection Wisconsin Class Action

This class action concerns collections of student loans. The defendants are the National Collegiate Student Loan Trust and entities with similar names, NCT (a de facto company including other trusts), and Wilmington Trust Company (the trustee for the trusts). The complaint alleges that the Trusts and NCT “did not have the lawful right to collect  Read more

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Navient Fraudulent Servicing of Student Loans Class Action

Navient services student loans. The complaint for this class action alleges that it has engaged in unlawful practices that defraud borrowers, including the manipulation of its student loan servicing practices to gain profit for itself and to mislead borrowers. The defendants in this case include Navient Corporation, Navient Solutions, LLC (formerly Navient Solutions, Inc. and  Read more

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Northstar End of THE Program for Student Loan Repayment Class Action

It’s great that a student loan company would offer a program to its borrowers with advantages if they pay on time. But can the company then terminate the arrangement at will? The complaint for this class action claims that the program offered by Northstar Education Finance, which does business as Total Higher Education (THE), is  Read more

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Student Loan Lawsuits Filed Without Proper Documentation Class Action

You’d think that a company that sues people for student loan debts would have to prove that they owned the debt. But this complaint claims that the defendants in this class action can’t do that.   Read more

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Equitable Acceptance Student Loan “Forgiveness” Scam RICO Class Action

Plaintiff Vanessa Williams took out student loans totaling approximately $21,000 for her education. When SLF Center called her and told her it could obtain loan forgiveness for her, she was naturally interested. But according to the complaint for this class action, all that happened was that Williams was saddled with yet another loan, via Equitable  Read more

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PHEAA Student Loan Income-Driven Repayment Programs Class Action

Plaintiff Arianne Gallagher finished law school in 2011. Since she took a public service job after that, she was eligible for certain programs to help her pay her student loans, but in the years since then, her loan total has grown to more than $160,000, her payments have ballooned from just over $800 to over  Read more

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Transworld Systems Student Debt Settlement

Transworld Systems, Inc. (TSI), Weltman, Weinberg & Reis, Blitt and Gaines, NECO Financial Systems (EGS Financial Care, Inc.), and other National Collegiate Student Loan Trust (NCSLT) entities have agreed to settle a lawsuit alleging that they violated state and federal laws in the process of trying to collect student loans. For the purposes of this  Read more

Navient Subprime Loan Handling and Securities Price Drop Class Action

According to the complaint for this class action, Navient’s statements on its recent 10-K and 10-Q filings misled investors into thinking that it exercised care in making loans and advising students on repayment plans. Thus, the complaint says, when an October 2017 lawsuit alleged that Navient (1) engaged in deceptive practices to make subprime loans,  Read more