Department of Education Collections Archives

December 16, 2021 by Stephanie Eidelman in CFPB

Year in Review: A Comprehensive Breakdown of 2021 in the ARM Industry

2021 was an extremely active and unusual year for case law, regulatory developments, and M&A activity in the ARM industry. Here's my “year in review” for what was nothing short...

November 9, 2021 by Stephanie Eidelman in Department of Education Collections

The End of an Era: ED Officially Ends all Collection Agency Contracts; Recalls Accounts

We’ve officially reached the end of an era. The Department of Education private debt collection contract is over. Large companies, small companies, all of them. According to sources, during a...

March 11, 2021 by Missy Meggison in Department of Education Collections

California Joins 11 Other States Seeking an End to Adversarial Relationship With Department of Education

During the Trump administration, the Department of Education (ED) and state regulators developed a frosty relationship. For those who like to think of things in pop culture terms, the connection...

January 28, 2021 by Joann Needleman in Department of Education Collections

An Honest Discussion on the Impact of Cancelling Student Loan Debt

Show Notes: Addressing the student loan debt has taken on even greater urgency since the advent of the COVID crisis. Several stimulus proposals call for the cancelation of...

September 10, 2020 by Stephanie Eidelman in Department of Education Collections

Former Students With Defaulted Federal Loans Are Missing Out on a Key Cares Act Benefit

The US Department of Education (ED) in implementing the President’s executive order of August 21, 2020, has clarified the rehabilitation benefits for former student borrowers who have defaulted on a...

September 1, 2020 by Stephanie Eidelman in CFPB

CFPB Study of Consumer Finances Following Early Pandemic is Positive. Will Coming Months Paint a Different Story?

Yesterday the Consumer Financial Protection Bureau (Bureau) issued a report examining the early effects of the COVID-19 pandemic on consumer credit. Based on credit record data, the Bureau’s research found...

July 15, 2020 by Stephanie Eidelman in Department of Education Collections

Federal Student Aid Cancels Second of Three NextGen Solicitations, Makes Awards in One

Let’s first tally where we are. Last Friday afternoon, The U.S. Department of Education's Office of Federal Student Aid (FSA) canceled a second of three solicitations that were part of its...

June 24, 2020 by Stephanie Eidelman in Department of Education Collections

Behind the Scenes of Student Loan Payments During Covid-19

Recent media reports have warned about increasing federal student loan defaults and called upon Washington to extend the current suspension of payments. In a piece for CNBC, Annie Nova quotes...

April 15, 2020 by Balaji Rajan in Department of Education Collections

Three Solutions to Help Defaulted Borrowers Under the CARES Act Provisions

Almost all Federally-held defaulted student loan borrowers received tremendous support through the CARES Act. The measures enacted by the Congress included payment suspension, Treasury Offset, Wage Garnishment, and all outbound...

April 9, 2020 by Stephanie Eidelman in Department of Education Collections

Department of Education Cancels NextGen

[UPDATE 4/15/20: Please see this post regarding the article below.] --- Remember the Department of Education’s NextGen project? Well, it’s been canceled. At least, part of it has. I know....

Department of Education Collections