Articles

ABA urges key reforms on student loan debt

In an effort to address the crushing weight posed by student loan debt, the American Bar Association House of Delegates adopted a resolution penned by a group of young lawyers during its midyear meeting last week. The resolution urges programs to assist law school graduates and law students experiencing financial hardship due to their student loan debt.

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Judge slams DeVos for rejecting 94% of loan relief claims

Months after vowing to process a backlog of 160,000 requests for loan forgiveness from students who say they were defrauded by their schools, the U.S. Education Department has rejected 94% of claims it has reviewed, according to a federal judge who is demanding justification for the “blistering pace” of denials.

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Former ITT Educational execs to pay $300,000 to settle SEC lawsuit

Former ITT Educational Services Inc. CEO Kevin Modany has agreed to pay $200,000 and accept a five-year ban from serving as an executive of a public company to settle a Securities and Exchange Commission lawsuit accusing management of hiding the rapidly eroding financial condition of the now-defunct firm from investors. Former ITT Chief Financial Officer Daniel Fitzpatrick agreed to pay $100,000 and accept the same ban under a separate settlement.

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Judgment for lender in student loan case reversed

A Warrick County man won his appeal in a student loan dispute after the Indiana Court of Appeals determined the alleged holder of his son’s student loan failed to prove it was entitled to an $18,000 summary judgment ruling.

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