DeVos Wrong to Deny State Enforcement on Student Loan Debts, Collections
March 09, 2018
March 09, 2018
DURHAM, North Carolina, March 9 -- The Center for Responsible Lending issued the following news release:
On Monday, March 12, the Federal Register will include an interpretation by the Department of Education that state-level student loan servicing laws are preempted by Federal law. While the Department purports to affect loans made under Title IV of the Higher Education Act, this interpretation has no legal effect on state laws.
The non-binding memo asserts that state . . .
On Monday, March 12, the Federal Register will include an interpretation by the Department of Education that state-level student loan servicing laws are preempted by Federal law. While the Department purports to affect loans made under Title IV of the Higher Education Act, this interpretation has no legal effect on state laws.
The non-binding memo asserts that state . . .