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What to Do If You're a Victim of a Student Loan Scam

Finance
[unable to retrieve full-text content]You can t undo the damage that s already been done but you can stop scammers from ruining your life further Image source Getty Images Student loan debt has become a 1 5 trillion crisis in our country and where there s a crisis there are scammers hoping to capitalize Latest Articles in
Here’s why the student loan crisis is far worse for black borrowers

Here’s why the student loan crisis is far worse for black borrowers

Finance
Photo: WikicommonsWhen Democratic presidential candidate Elizabeth Warren earlier this week unveiled the details of her bill to cancel student debt, she stressed how it would deliver significant financial relief to borrowers of color. "The day our bill gets signed into law, that black-white wealth gap would shrink by 25 points," the Massachusetts senator said. Under the proposal, introduced along with Rep. James E. Clyburn, D-S.C., borrowers with household incomes under $ 100,000 would get $ 50,000 of their student debt forgiven. Higher earners would get a smaller share of their debt voided.Black borrowers do stand to benefit greatly from Warren's bill. That's because, by almost every measure, the student debt crisis has hit them especially hard. "The racial wealth gap is both the biggest ...
This company is helping pay down its employees’ student debt. ‘They are creating value for us’

This company is helping pay down its employees’ student debt. ‘They are creating value for us’

Finance
Chegg has a new plan to help its employees deal with their student loans.And its CEO wants other companies to follow Chegg's lead.The student-connected learning platform announced a new program Thursday that will give its entry- through manager-level workers up to $ 5,000 a year, if they have been with the company at least two years. Director- or vice president-level employees can get up to $ 3,000 annually to help pay down their student loan debt. "Corporations need to play a role here," Chegg CEO Dan Rosensweig told CNBC's "Closing Bell " on Thursday. "We are the beneficiaries of those people who have gotten an education — doesn't matter if it is four year or two year or even if they completed it," he added. "If they borrowed money and they are creating value for us, we want to help the