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The department’s own inspector general says student loan companies aren’t following the rules, and that the government isn’t doing enough to hold them accountable
The audit documents several common failures by the servicers, among them, not telling borrowers about all of their repayment options, or miscalculating what borrowers should have to pay through an income-driven repayment plan. According to the review, two loan servicing companies, Navient and the Pennsylvania Higher Education Assistance Agency, better known as FedLoan, repeatedly placed borrowers into costly forbearance without offering them other, more beneficial options.
betsy devoss paid for her appointment
A critical new report from the U.S. Department of Education’s Office of Inspector General finds the department’s student loan unit failed to adequately supervise the companies it pays to manage the nation’s trillion-dollar portfolio of federal student loans. The report also rebukes the department’s office of Federal Student Aid for rarely penalizing companies that failed to follow the rules.
Instead of safeguarding borrowers’ interests, the report says, FSA’s inconsistent oversight allowed these companies, known as loan servicers, to potentially hurt borrowers and pocket government dollars that should have been refunded because servicers weren’t meeting federal requirements.
“By not holding servicers accountable,” the report says, “FSA could give its servicers the impression that it is not concerned with servicer noncompliance with Federal loan servicing requirements, including protecting borrowers’ rights.”
Resources for High School Students Interested in Cyber Security
Summer Camps are a great introduction to cyber security.
Online Courses are the next step to growing knowledge and experience, while at the same time learn more about a potential career path.
Hackathons are the playground for testing how far you’ve come.
Many internship programs available to exact academic paths/interest. Generally speaking, cyber security degree seeking students may pursue positions at the CIA in STEM, Clandestine, Analysis, or Enterprise and Support Roles.
Must apply senior year in high school. Rigorous application process includes polygraph, mental health evaluation, financial need, background checks, high academic marks, abstinence from drugs, and more. Successful applicants will be provided a salary as well as have tuition covered up to a certain price. Successful applicants will work at the CIA in summers and continue to work for the CIA after graduation.
Meet the Terabytches: Fergus students prep for cyber security competition
‘We’re like the biggest collective knowledge in a girls’ team,’ Emily Younghans says
MOST Inexpensive Colleges With the Highest Graduation Rate
11 federal agencies help start Cybersecurity Talent Initiative
11 federal agencies help start Cybersecurity Talent Initiative
We’ve been trying to explain for the past few months just how absolutely insane the new EU Terrorist Content Regulation will be for the internet.
Among many other bad provisions, the big one is that it would require content removal within one hour as long as any “competent authority” within the EU sends a notice of content being designated as “terrorist” content. The law is set for a vote in the EU Parliament just next week.
And as if they were attempting to show just how absolutely insane the law would be for the internet, multiple European agencies (we can debate if they’re “competent”) decided to send over 500 totally bogus takedown demands to the Internet Archive last week, claiming it was hosting terrorist propaganda content.
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