Press release AG Healey Secures Very first-of-its-Kind Recovery when you look at the Settlement That have Big Student loan Servicer

Press release AG Healey Secures Very first-of-its-Kind Recovery when you look at the Settlement That have Big Student loan Servicer On the internet BOSTON – Following the a lawsuit up against one of the largest government student loan servicers in the country to have unfair and you may deceptive practices, together with undermining the newest federal Public service Loan Forgiveness (PSLF) system, Attorneys General Maura Healey established a settlement one to obtains customized membership feedback and you can associated rescue to have a huge number of Massachusetts student loan borrowers, including social servants and you may educators. The fresh payment achieved to the Pennsylvania Higher education Guidance Department (PHEAA), d/b/a FedLoan Servicing, solves allegations one PHEAA generated errors and you may given misinformation so you’re able to individuals about PSLF qualification requirements, resulting in consumers to lose months from being qualified money towards loan forgiveness. […]