A college degree may not be worth the cost of obtaining it for some students. College Recruiters selling the value of education aren’t telling the whole story. Despite decades of lip-service to affirmative action, earnings of college educated women remain a discouraging 61% of those of their male counterparts’.
The reasons are complex, but [...]

A Florida teacher was shocked by a phone call from a collection agency saying she has to pay $2400 for a 40-year-old student loan or be sued. But she doesn’t owe the money. She has never heard anything about owing this money. She contacted her student’s dad and my fellow blogger, Ft. Myers [...]

In a growing list of states, if the lender reports a default on a student loan, the state will suspend or revoke occupational licenses until the default is cured.  In some of these states, the statute extends not only to occupations (such as teaching or most health professions) requiring a college degree for licensing, but to [...]

The credit industry’s aggressive improvident lending is starting to reap the same brambles we saw with the subprime mortgage industry.  “Let’s punish the lenders of easy credit” is the title of a recent article by Liz Pulliam Williams on MSN money.  My collegues, Jill Michaux  in her article,  and Kurt O’Keefe in his article have already [...]

If the Department of Education proves a college systematically used fraud to certify students for federally-insured loans, those same students should have a valid claim for a false certification discharge.  This reinforces the points made by Craig Andresen in his recent post .  In an earlier article:  “Are subprime educators encouraging predatory lending?”  I pointed [...]