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Shahien Nasiripour
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Shahien Nasiripour is Chief Financial and Regulatory Correspondent for the Huffington Post, where he covers student debt, financial regulation and policy, and consumer finance issues. He previously focused on large financial groups, Wall Street and Washington, and the ongoing global response to the financial crisis. He is based in Boston. Previously, he was Financial and Regulatory Correspondent for the Financial Times. Prior to that, he was Senior Business Reporter for the Huffington Post, Reporter for the Center for Investigative Reporting, Researcher for ESPN, and Reporter for the South Florida Sun-Sentinel and The Providence Journal. He is a graduate of the University of Southern California. He can be reached at shahien@huffingtonpost.com or 917-267-2335, and found on Twitter at www.twitter.com/nasiripour or on Facebook at www.facebook.com/shahien.

Entries by Shahien Nasiripour

AFL-CIO Targets Navient As Scrutiny Over Student Loan Servicing Mounts

(5) Comments | Posted December 11, 2014 | 7:55 PM

The nation’s largest labor federation is taking aim at Navient Corp. for alleged mistreatment of borrowers, adding to the student loan specialist's growing list of regulatory woes.

Richard Trumka, president of the AFL-CIO, said in a Wednesday letter that the labor group was concerned about its...

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Senate Democrats Demand Obama Administration Forgive Corinthian Students' Debts

(121) Comments | Posted December 10, 2014 | 6:33 PM

A group of Senate Democrats has urged the Obama administration to forgive debts incurred by thousands of current and former students at troubled for-profit schools owned by Corinthian Colleges Inc.

Thirteen Senate Democrats, including Sens. Elizabeth Warren (D-Mass.), Richard Durbin (D-Ill.) and Jack Reed (D-R.I.), demanded in a

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Congressional Leaders Agree To Cut Aid To College Students To Pay Student Loan Contractors

(354) Comments | Posted December 10, 2014 | 1:33 AM

House and Senate leaders have agreed to cut funding for the nation’s largest source of grants for college students to pay student loan contractors, according to legislation that would fund the federal government through next year and avert a shutdown.

Money appropriated for the Pell grant program...

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Tom Harkin Wants To Take Money From College Students To Pay Reviled Loan Contractors

(555) Comments | Posted December 6, 2014 | 7:30 AM

An outgoing Senate Democrat wants to take federal money from low-income college students to pay student loan contractors, whose tactics toward borrowers have been criticized by consumer advocates, federal regulators and the U.S. Department of the Treasury.

Sen. Tom Harkin (D-Iowa), chairman of the Senate education committee and the appropriations...

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The Fed Just Acknowledged Its Too Big To Jail Policy

(148) Comments | Posted November 21, 2014 | 6:11 PM

WASHINGTON -- The federal government until recently shielded big banks from criminal prosecution out of concern that convictions may damage the financial system, a top Federal Reserve official said Friday, explicitly acknowledging a policy long denied by the Obama administration.

The admission came during a tense exchange between William Dudley,...

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U.S.-Brokered Bailout Of For-Profit Colleges Treats Students 'Like Financial Assets'

(19) Comments | Posted November 20, 2014 | 10:26 PM

Some 39,000 college students will soon stop making tuition payments to a company that state and federal regulators allege advertised bogus job prospects to lure low-income Americans and instead will pay a federal contractor accused of abusing bankruptcy proceedings fighting troubled borrowers.

Educational Credit Management Corp. --...

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Obama Administration Explores Ways To Collect Student Loan Payments Without Middlemen

(28) Comments | Posted November 13, 2014 | 9:40 AM

The U.S. Treasury Department soon will take some student borrowers' accounts away from private debt collectors and give them to federal workers, an ambitious new pilot project that may result in the government cutting out the student loan middlemen who have gotten rich targeting distressed borrowers.

The federal employees will...

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Treasury Department Endorses Student Loan Deals Slammed By Elizabeth Warren

(226) Comments | Posted November 6, 2014 | 8:43 PM

TAMPA, Fla. -- The U.S. Treasury Department on Thursday praised a move, already panned by Sen. Elizabeth Warren (D-Mass.), to increase the amount of money the federal government pays its student loan contractors.

In a speech here to consumer rights advocates, Deputy Treasury Secretary Sarah Bloom...

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Obama Administration Backs Down On Tough Rules Targeting For-Profit Colleges

(42) Comments | Posted October 30, 2014 | 5:11 PM

The Obama administration on Thursday retreated from an ambitious proposal to protect low-income students and taxpayers from wasteful career-training programs and for-profit colleges that saddle students with taxpayer-backed debts they can not repay.

Investors cheered the news, sending shares in major for-profit college chains soaring Thursday and significantly...

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Education Department Investigation Clears Student Loan Companies, Sources Say

(23) Comments | Posted October 29, 2014 | 6:05 PM

In May, Education Secretary Arne Duncan ordered his investigators to conduct a "thorough review" of the nation's four largest student loan servicers, following allegations that the companies may have cheated active duty troops out of millions of dollars by overcharging them on their federal student loans.

The official...

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Consumer Regulator Vows Action As Student Loan Borrowers Suffer

(23) Comments | Posted October 16, 2014 | 1:00 AM

In October 2012, the federal agency charged with protecting households from predatory financial companies issued a report lamenting the lack of opportunities for distressed borrowers to rework their troubled private student loans.

The following February, the Consumer Financial Protection Bureau solicited feedback on ways to...

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Colleges Win, Student Borrowers Lose In Obama Administration Absolution

(497) Comments | Posted September 25, 2014 | 12:33 AM

The U.S. Department of Education is turning its back on at least 1,000 borrowers in favor of shielding their former colleges from potentially crippling sanctions that would have resulted from high rates of default on federal student loans.

The move, announced late Tuesday and further detailed

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Occupy Wall Street Buys, Then Cancels, Student Debt

(108) Comments | Posted September 17, 2014 | 8:00 PM

Some 40 million Americans collectively owe nearly $1.3 trillion on their student loans. On Wednesday, a small group of volunteers announced they helped reduce unpaid student bills by a smidgen, thanks to public donations and a desire to help Americans live debt-free.

Strike Debt, a group...

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CFPB Accuses Corinthian Colleges Of Cheating Students

(101) Comments | Posted September 16, 2014 | 9:49 PM

For-profit education company Corinthian Colleges Inc. misled students into taking out unaffordable loans by falsely advertising job prospects, then used illegal debt collection tactics to force distressed students to pay up, according to a lawsuit filed Tuesday by the U.S. Consumer Financial Protection Bureau.

Corinthian owns Everest Institute,...

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Education Department Sends More Student Borrowers To Firm Just Penalized By DOJ

(41) Comments | Posted September 12, 2014 | 5:10 PM

The Education Department has rewarded a former Sallie Mae unit with more taxpayer-provided business even after the loan servicer, now known as Navient Corp., was accused by federal prosecutors in May of intentionally cheating troops on their federal student loans.

The official announcement late Thursday, of a decision previously

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Seniors Forced Into Poverty As Education Department Demands Payment

(1067) Comments | Posted September 11, 2014 | 9:51 PM

The Education Department is demanding so much money from seniors with defaulted student loans that it's forcing tens of thousands of them into poverty, according to a government audit.

At least 22,000 Americans aged 65 and older had a part of their Social Security benefits garnished last year...

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Education Department Admits It Will Pay Much Reviled Student Loan Firms More Money

(19) Comments | Posted September 10, 2014 | 9:29 PM

The U.S. Department of Education will pay its oft-criticized student loan servicers more money under new contracts that the White House demanded in response to the companies' lack of adequate customer service.

An Education Department official acknowledged the bump in pay on Wednesday during a testy exchange with Sen. Elizabeth...

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Consumer Group Criticizes Education Department's Debt Collectors

(29) Comments | Posted September 3, 2014 | 1:05 AM

The Obama administration should radically restructure the office of the Education Department that handles student aid, and it should stop paying private debt collectors to chase borrowers who have defaulted on their student loans, attorneys at the National Consumer Law Center said in a report Wednesday.

The center's report is...

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Obama Administration To Reward Student Loan Company Accused Of Cheating Troops

(273) Comments | Posted August 29, 2014 | 12:30 PM

The Obama administration plans to reward Navient Corp, the student loan specialist formerly owned by Sallie Mae, with new business some three months after federal prosecutors accused the company of intentionally cheating troops on their federal student loans, according to three sources familiar with the administration's plans.

The move is...

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These 9 Charts Show America's Coming Student Loan Apocalypse

(475) Comments | Posted August 20, 2014 | 8:42 AM

Borrowers with federal student loans, long promoted as the safest way to borrow for college, appear to be buckling under the weight of their debt, new data show.

More than half of Direct Loans, the most common type of federal student loan, aren't being repaid on time or...

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