Pr release AG Healey Secures Very first-of-its-Type Recovery inside the Settlement Which have Biggest Education loan Servicer

Pr release AG Healey Secures Very first-of-its-Type Recovery inside the Settlement Which have Biggest Education loan Servicer

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BOSTON – After the a lawsuit against one of the greatest federal student loan servicers in the country getting unfair and deceptive methods, and undermining new government Public service Loan Forgiveness (PSLF) program, Attorneys General Maura Healey launched money one to protects custom account recommendations and you can related recovery for tens of thousands of Massachusetts student loan consumers, as well as personal servants and you can coaches.

The new settlement attained toward Pennsylvania Advanced schooling Direction Agencies (PHEAA), d/b/a beneficial FedLoan Maintenance, solves allegations you to PHEAA generated problems and offered misinformation in order to consumers throughout the PSLF eligibility requirements, ultimately causing borrowers to shed months out-of being qualified payments on financing forgiveness. Continue reading “Pr release AG Healey Secures Very first-of-its-Type Recovery inside the Settlement Which have Biggest Education loan Servicer”