The nine companies and organizations tasked with servicing the accounts of the nation's 30 million student loan borrowers repeatedly failed to do their jobs properly over a period of years, a new report finds.
On Tuesday night, Holcomb said in his State of the State speech that the state will use $150 million from its surplus to pay off a teacher pension liability that schools have been gradually paying down.
The college will open adjacent to the Marian campus in Indianapolis, but the institutions will study whether it makes sense to expand to other areas of the state. One location that will be studied is Saint Joseph’s closed campus in Rensselaer.
The Trump administration is granting only partial loan forgiveness to the vast majority of students approved for help because of fraud by for-profit colleges, according to preliminary Education Department data.
Seth Frotman will be stepping down as student loan ombudsman at the end of the week, citing what he says is the White House's open hostility toward protecting the nation's millions of student loan borrowers.