Other LanguagesAttorney General Bob Ferguson announced today that his office has recovered more than $2 million from nearly three dozen debt adjusters who preyed on student borrowers. These entities engaged in unfair and deceptive practices, including unlawfully charging tens of thousands of dollars in excessive fees to thousands of Washingtonians.
SEATTLE — Attorney General Bob Ferguson today announced that 16,850 Washingtonians who attended any school owned by Corinthian Colleges, a for-profit college that engaged in deceptive conduct, will receive $157.9 million in relief.
SEATTLE — Attorney General Bob Ferguson today announced that, as a result of his lawsuit, student loan servicer Navient will provide nearly $45 million in debt relief, restitution and costs to resolve Washington’s lawsuit. Ferguson asserted Navient, the Sallie Mae offshoot that was then the nation’s largest student loan servicer, engaged in numerous unfair and deceptive practices harming Washington student loan borrowers.
SEATTLE — A King County Superior Court judge ruled that Navient, the country’s largest student loan servicer, violated the Consumer Protection Act by engaging in unfair and deceptive conduct related to Washingtonians’ student loans. This is the first time a judge has ruled that Navient broke a consumer protection law in a student loan servicing lawsuit filed by a state’s Attorney General or federal consumer protection agency. Attorney General Bob Ferguson has been litigating this case since January 2017, seeking accountability for Navient’s conduct, legally enforceable terms to prevent future unlawful conduct and financial restitution for Washingtonians harmed by the unlawful conduct.
Attorney General Bob Ferguson today announced that 816 former ITT Tech students in Washington state will receive $5.9 million in debt relief. This amount covers all outstanding debts these borrowers owe to PEAKS Trust. The debt forgiveness resolves an investigation launched by Ferguson and a bipartisan coalition of attorneys general into unfair and deceptive lending practices by PEAKS Trust, a private loan program created to fund loans for the for-profit college ITT Tech. Today’s court filing also requires PEAKS to dissolve.
OLYMPIA — Attorney General Bob Ferguson is urging Washington student loan borrowers who have had trouble with public service loan forgiveness to submit a complaint to the Attorney General’s Office. According to the U.S. Department of Education, it has only approved 1 percent of applications for loan forgiveness under the program.
OLYMPIA — Attorney General Bob Ferguson today announced that as a result of an investigation, Student CU Connect LLC (CUSO) will provide debt relief for 100 percent of its student loans for deceiving ITT Technical Institute students when it issued the loans.
Attorney General Bob Ferguson today released an updated Student Loan Survival Guide, which provides tips and resources for those impacted by student loans, including high school students thinking about taking out student loans, former college students making repayments and parents who cosigned loans.
More than 3,000 Washingtonians will receive more than $7.6 million in debt relief from Career Education Corporation (CEC), a for-profit higher education company, as part of Attorney General Bob Ferguson’s legal action over the company’s use of deceptive practices to attract potential students. CEC owned and operated two campuses in Washington until they closed down.
Following another legal victory against the Trump Administration, Attorney General Bob Ferguson issued a statement today after a federal judge in Washington, D.C., ruled the federal Department of Education improperly delayed the implementation of Obama-era rules that protect student loan borrowers from predatory and deceptive practices by higher education institutions.