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Former Florida Career College students can file a "borrower loan defense discharge," which allows borrowers to apply to get their student debt discharged if the school misled students.
The average federal student loan debt per person in Georgia has grown to more than $40,000, according to a Chamber of Commerce report. This puts the Peach State as the No. 3 most student-debt ...
In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]
The CFPB filed a lawsuit against Corinthian in September 2014 over its loan program and debt collection practices. [71] In April 2015, the college was fined almost $30 million by the U.S. Department of Education. The department found the school had misled students and loan agencies about the prospects for graduates to find jobs. [72]
The Fair Debt Collection Practices Act ( FDCPA ), Pub. L. 95 -109; 91 Stat. 874, codified as 15 U.S.C. § 1692 –1692p, approved on September 20, 1977 (and as subsequently amended), is a consumer protection amendment, establishing legal protection from abusive debt collection practices, to the Consumer Credit Protection Act, as Title VIII of ...
Florida has one of the highest total federal student loan debt balances in the U.S. as of December 2022 and Floridians owe federal student lenders around $105 billion, according to the U.S ...
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