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Shahien Nasiripour

Consumer Agency Begins Probe Of Student Loan Servicers, Signaling Stronger Rules

HuffingtonPost.com | Shahien Nasiripour | Posted 05.14.2015 | Politics

The Consumer Financial Protection Bureau on Thursday launched a broad review of the often murky business of student loan servicing, questioning whethe...

Shahien Nasiripour

Obama To Announce Student Loan Reforms As Education Department Stalls

HuffingtonPost.com | Shahien Nasiripour | Posted 03.10.2015 | Politics

President Barack Obama on Tuesday will announce sweeping borrower-friendly recommendations to fix the $1.1 trillion federal student loan system that, ...

Shahien Nasiripour

The Federal Government Has No Idea How Much Americans Owe On Student Loans

HuffingtonPost.com | Shahien Nasiripour | Posted 03.06.2015 | Politics

Americans collectively owe lenders some $1.32 trillion on their student loans. Or at least $1.14 trillion. Or $708 billion. Or $1.16 trillion. The ...

Shahien Nasiripour

Education Department Investigation Reaches Surprising Conclusion

HuffingtonPost.com | Shahien Nasiripour | Posted 10.29.2014 | Politics

In May, Education Secretary Arne Duncan ordered his investigators to conduct a "thorough review" of the nation's four largest student loan servicers, ...

Shahien Nasiripour

Consumer Regulator Vows Action As Student Loan Borrowers Suffer

HuffingtonPost.com | Shahien Nasiripour | Posted 10.16.2014 | Politics

In October 2012, the federal agency charged with protecting households from predatory financial companies issued a report lamenting the lack of opport...

Shahien Nasiripour

Faithful Student Borrowers Tormented With Threats, Tears After Co-Signers Die

HuffingtonPost.com | Shahien Nasiripour | Posted 05.21.2014 | Politics

Seven borrowers who had been paying their Sallie Mae student loans on time for years were unexpectedly threatened with asset seizures after a Sallie M...

Shahien Nasiripour

Sallie Mae Under Fire For Death-Induced Defaults

HuffingtonPost.com | Shahien Nasiripour | Posted 04.25.2014 | Politics

In the nearly seven years he'd been paying off his student loans, Tom Cimochowski had never sent a late payment to Sallie Mae. But in February, one of...

Shahien Nasiripour

Student Borrowers In The Dark As Education Department Limits Disclosure

HuffingtonPost.com | Shahien Nasiripour | Posted 02.20.2014 | Politics

The Department of Education has quietly stopped disclosing its quarterly assessment of student loan companies, making it nearly impossible for the pub...

Shahien Nasiripour

Student Loan Companies Face New Scrutiny For Bad Practices Against Borrowers

HuffingtonPost.com | Shahien Nasiripour | Posted 02.05.2014 | Politics

Companies that collect student loan payments may have a financial incentive to stymie borrowers who wish to quickly repay their debts, a top federal r...

Shahien Nasiripour

Sallie Mae Expects $70 Million Hit Off Investigations Into Wrongdoing

HuffingtonPost.com | Shahien Nasiripour | Posted 01.25.2014 | Politics

Sallie Mae, the nation's largest student loan company, said it expects to spend $70 million to deal with a torrent of government probes into its busin...

Shahien Nasiripour

Major Education Groups Pressure Arne Duncan To Crack Down On Sallie Mae

HuffingtonPost.com | Shahien Nasiripour | Posted 01.23.2014 | Politics

Student borrowers can't expect the basic consumer protections provided to millions of Americans who take out loans because the Department of Education...

Shahien Nasiripour

Is The Education Department A 'Lapdog'?

HuffingtonPost.com | Shahien Nasiripour | Posted 12.06.2013 | Politics

The U.S. Department of Education risks becoming a “lapdog” as a result of recent actions toward financial companies such as Sallie Mae, Sen. Eliza...

Shahien Nasiripour

CFPB To Supervise Largest Student Loan Servicers

HuffingtonPost.com | Shahien Nasiripour | Posted 12.03.2013 | Politics

The federal government for the first time will keep tabs on companies that collect payments on federal student loans, the Consumer Financial Protectio...

Shahien Nasiripour

Education Department Remains A Friend To Student Loan Giant

HuffingtonPost.com | Shahien Nasiripour | Posted 11.29.2013 | Politics

Student loan giant Sallie Mae is currently under fire from lawmakers, federal regulators, consumer groups and student advocates for allegedly violatin...

Shahien Nasiripour

The Government Doesn't Understand Student Debt

HuffingtonPost.com | Shahien Nasiripour | Posted 11.19.2013 | Politics

The lack of reliable data on the $1.2 trillion student debt market may be hampering federal officials’ understanding of how student debt threatens e...

Shahien Nasiripour

Federal Student Loan Profits Bring Education Department Spending To Lowest Level Since 2001

HuffingtonPost.com | Shahien Nasiripour | Posted 11.18.2013 | Politics

The U.S. Department of Education says it has been working to help borrowers who are struggling under the weight of crushing student loan debt. But as ...

Shahien Nasiripour

Biggest Student Lender Faces More Trouble

HuffingtonPost.com | Shahien Nasiripour | Posted 10.29.2013 | Politics

Sallie Mae on Monday disclosed new federal probes targeting possible violations of consumer protection laws -- a sign that Washington is ramping up s...

Shahien Nasiripour

Dire Warning On Student Loans

HuffingtonPost.com | Shahien Nasiripour | Posted 10.22.2013 | Politics

The consumer finance regulator has recommended broad reforms to the student loan industry and has raised concerns with federal oversight that has fail...

Shahien Nasiripour

Public Shaming For Big Student Loan Servicer

HuffingtonPost.com | Shahien Nasiripour | Posted 09.26.2013 | Politics

A federal consumer regulator has taken aim at the Department of Education’s preferred companies for servicing the agency’s $1 trillion in student ...

Shahien Nasiripour

Elizabeth Warren Probes Education, Treasury Departments Over Sallie Mae

HuffingtonPost.com | Shahien Nasiripour | Posted 09.20.2013 | Politics

The Education and Treasury departments face fresh scrutiny over their apparent inability to hold student lender Sallie Mae accountable, despite numero...

Shahien Nasiripour

Big Student Lender Faces Federal Charges

HuffingtonPost.com | Shahien Nasiripour | Posted 08.11.2013 | Politics

The U.S. Department of Education and Sallie Mae face fresh questions over the student loan business after the largest educational debt company disclos...

Shahien Nasiripour

U.S. Probes Whether Student Loan Companies Cheat Soldiers

HuffingtonPost.com | Shahien Nasiripour | Posted 08.01.2013 | Politics

The U.S. Department of Justice is investigating whether student loan companies are cheating active-duty soldiers as the historically lightly regulated...

Shahien Nasiripour

Elizabeth Warren Calls Student Loan Profits 'Morally Wrong' As Federal Student Debt Tops $1 Trillion

HuffingtonPost.com | Shahien Nasiripour | Posted 07.17.2013 | Politics

The Obama administration and Congress are not helping students, Sen. Elizabeth Warren (D-Mass.) charged Wednesday, reaping record profits off the fede...

Shahien Nasiripour

Bad News For Students In Debt

HuffingtonPost.com | Shahien Nasiripour | Posted 06.27.2013 | Politics

The Federal Reserve's efforts to help households with student debt are being stymied, a top regulator said Wednesday, preventing millions of distresse...

Shahien Nasiripour

Finally, An Idea To Help Student Loan Borrowers

HuffingtonPost.com | Shahien Nasiripour | Posted 06.25.2013 | Politics

U.S. households struggling with expensive student debt would be able to refinance into cheaper loans at no cost to taxpayers under legislation to be p...