iOS app Android app

Shahien Nasiripour
GET UPDATES FROM Shahien Nasiripour
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 or 917-267-2335, and found on Twitter at or on Facebook at

Entries by Shahien Nasiripour

Arne Duncan 'Thrilled' To Close Corinthian Colleges, Not So Ready To Help Its Former Students

(82) Comments | Posted July 2, 2015 | 3:20 PM

The Department of Education was “thrilled” to shut down the for-profit chain Corinthian Colleges Inc., Education Secretary Arne Duncan declared Wednesday -- a claim that stands in sharp contrast with his department's frantic efforts last year to save the company.

In fact, the Education Department bailed out the...

Read Post

Education Department To Miss Obama Deadlines On Helping Student Borrowers

(48) Comments | Posted July 1, 2015 | 6:13 PM

The U.S. Department of Education is about to miss its July 1 deadline on three key directives from President Barack Obama regarding fair treatment of borrowers struggling with federal student loans.

The deadline was set in a March presidential memorandum on the implementation of a "

Read Post

Fresh Out Of Government, Student Loan Warrior Issues Warnings About Major For-Profit College Chain

(0) Comments | Posted June 24, 2015 | 2:09 PM

The revolving door between federal financial regulators and the industries they oversee doesn't usually spin in the direction of aiding low-income college students trying to learn a trade. But that's exactly what happened on Wednesday when Rohit Chopra, until recently of the Consumer Financial Protection Bureau, sent a scorching letter...

Read Post

Education Department Vastly Undercounted Troops Overcharged By Student Loan Giant, New Data Show

(44) Comments | Posted June 24, 2015 | 7:36 AM

New data from the U.S. Department of Justice strongly suggest that the Education Department missed thousands of violations of federal law when it publicly exonerated Navient Corp., one of its favored student loan contractors, of intentionally cheating troops on their federal student loans.

In May 2014, the Justice Department

Read Post

Warren Pushes Obama To Keep Slavery Ban In Trade Deal

(79) Comments | Posted May 28, 2015 | 4:56 PM

BOSTON -- Sen. Elizabeth Warren (D-Mass.) on Thursday decried efforts by the Obama administration to undermine an anti-slavery measure that the Senate approved last week as part of a major trade bill.

The provision, authored by Sen. Robert Menendez (D-N.J.), would bar the U.S. from expediting trade deals with governments...

Read Post

Elizabeth Warren Agrees With Rush Limbaugh On Trade, And No One's More Surprised Than She Is

(210) Comments | Posted May 28, 2015 | 2:40 PM

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) found herself searching for the right words on Thursday to capture her feelings about sharing a position with conservative talk radio host Rush Limbaugh.

Limbaugh, an icon for tea party Republicans, assailed President Barack Obama last week over his trade negotiations with...

Read Post

Education Department Clears Navient Of Wrongdoing In Troops-Cheating Probe

(59) Comments | Posted May 27, 2015 | 7:30 AM

The U.S. Department of Education has formally cleared Navient Corp., the student loan giant formerly part of Sallie Mae, of wrongdoing after an investigation into whether the company cheated troops on their federal student loans.

The findings contradict earlier conclusions reached by the Justice Department, which...

Read Post

3 Of The 5 Big Bank Guilty Pleas Aren't All That They Seem To Be

(22) Comments | Posted May 22, 2015 | 2:56 PM

The Obama administration on Wednesday announced what for years had seemed inexplicably unattainable: guilty pleas from the parent corporations of some of the world's largest banks. Barclays Plc, Citigroup Inc., JPMorgan Chase & Co. and Royal Bank of Scotland Group Plc pled guilty to manipulating foreign exchange markets and UBS...

Read Post

Senate Democrats Slam Arne Duncan Over 'Business As Usual' Treatment Of Controversial Contractor

(37) Comments | Posted May 21, 2015 | 5:57 PM

Last May, after the Justice Department accused one of his contractors of intentionally cheating active-duty troops on their federal student loans, Education Secretary Arne Duncan was asked whether Navient Corp. would lose its lucrative contract. He replied that “every option is on the table.”

But to...

Read Post

Defrauded Student Loan Borrowers Face Potential Obama Administration 'Boondoggle'

(20) Comments | Posted May 18, 2015 | 11:01 PM

Defrauded student loan borrowers seeking relief from the Obama administration are confronting an Education Department process that a senior House Democrat compared to the government’s bungled response to the mortgage robo-signing crisis that shook the U.S. housing market.

In the case of robo-signed mortgage documents, bank regulators at the

Read Post

Faculty Group Accuses NYU Of Putting Renovations Before Student Concerns

(1) Comments | Posted May 18, 2015 | 3:45 PM

A group of New York University faculty that is critical of the school’s land grab in Manhattan alleges that the university is overcharging its students to fund its real estate acquisitions and excessive pay for its administrators, according to a new report.

The three-part

Read Post

CFPB Begins Probe Of Student Loan Servicers, Signaling Stronger Rules

(72) Comments | Posted May 14, 2015 | 12:00 AM

The Consumer Financial Protection Bureau on Thursday launched a broad review of the often murky business of student loan servicing, questioning whether the roughly 40 million Americans with student debt are being treated fairly under a patchwork of rules and market forces that could leave them vulnerable to abuse.


Read Post

Navient Likely To Be Cleared In Education Department Probe Of Troop-Cheating

(10) Comments | Posted May 13, 2015 | 8:08 PM

One year after the U.S. Department of Justice accused student loan giant Navient Corp. of intentionally cheating active-duty troops on private and federal student loans, the Education Department is likely to effectively clear the company of lawbreaking.

Separate investigations into Navient’s conduct by Education Department staff and Ernst...

Read Post

Obama Administration Improperly Denies Student Loan Debt Relief

(387) Comments | Posted May 8, 2015 | 1:29 PM

Federal law allows students who were defrauded by their colleges into taking out federal student loans to have their debts forgiven. The Obama administration has said repeatedly it will ensure aggrieved borrowers get this form of relief, a commitment that Education Undersecretary Ted Mitchell reiterated this week following the

Read Post

Corinthian Colleges Files For Bankruptcy

(72) Comments | Posted May 4, 2015 | 12:33 PM

Corinthian Colleges Inc. filed for bankruptcy on Monday, capping a year in which one of the nation's largest for-profit career school chains slowly collapsed under the watch of the U.S. Department of Education amid allegations that it had systematically deceived students with false graduation and job placement rates.

The company's...

Read Post

Obama Administration Considers New 'Roadblocks' For Ex-Corinthian Colleges Students Seeking Debt Relief

(26) Comments | Posted April 30, 2015 | 9:00 PM

The U.S. Department of Education is considering new hurdles for student loan borrowers seeking to get out of their debts by claiming their schools swindled them.

Days after the abrupt shutdown of for-profit chain Corinthian Colleges Inc., the department is discussing additional requirements for debt-forgiveness applications and hiring an...

Read Post

Education Department Steers Corinthian Colleges Students To Other Troubled For-Profits

(54) Comments | Posted April 28, 2015 | 10:35 PM

The U.S. Department of Education is telling thousands of students from now-shuttered for-profit schools owned by Corinthian Colleges Inc. to consider transferring to more than a dozen other for-profit schools also under investigation by federal or state authorities.

The department's suggestion follows Corinthian's abrupt shutdown on Monday, which...

Read Post

Troubled For-Profit Corinthian Colleges Shutting Down As Education Department Faces Bill

(225) Comments | Posted April 26, 2015 | 5:07 PM

Corinthian Colleges Inc., once one of the nation's largest chains of for-profit colleges, announced Sunday it is abruptly shutting down after failing to find buyers for its roughly 30 remaining campuses, leaving up to 16,000 students in the lurch and potentially costing the U.S. Department of Education tens...

Read Post

Student Loan Giant Navient Bemoans Cost Of Mounting Government Probes

(189) Comments | Posted April 24, 2015 | 7:31 AM

Investors in Navient Corp., the student loan behemoth formerly known as Sallie Mae, are finding out just how costly it can be when government regulators suspect wrongdoing.

The company, the nation’s largest servicer of student loans, is in the crosshairs of financial regulators and prosecutors stretching from Massachusetts to Washington...

Read Post

Education Department Nears Deal With Student Loan Giant Navient Over Cheating Troops

(186) Comments | Posted April 16, 2015 | 8:00 PM

The U.S. Department of Education is nearing a deal with Navient Corp., the student loan giant formerly known as Sallie Mae, over allegations the company cheated active-duty troops on federal student loans, a department official said Thursday.

The agreement likely would end the Education Department's much-delayed and heavily-criticized probe into...

Read Post