Connect with us

Black Listed

Have You Defaulted on a Student Loan? Universities are Coming for You

Have You Defaulted On A Student Loan? Universities Are Coming For You

Just when you thought Sallie Mae was tough, some universities are now showing who’s tougher. Bloomberg is reporting that George Washington University, Temple University, Yale University, and the University of Pennsylvania have all filed lawsuits against students who defaulted on their Perkins loan repayments.

Unlike its loan counterparts, Stafford or direct federal student loans, which are distributed by the government, Perkins loans are administered by the colleges themselves. According to the Bloomberg report, during the 2011 fiscal year the Perkins defaults have skyrocketed to $964 million.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Meek Mill to Sue Cosmopolitan Hotel in Vegas For Racial Discrimination

Entertainment

Harvey Weinstein Reaches $44M Deal in Sexual Misconduct Lawsuits

News

Billionaire Robert F. Smith to Pay 2019 Morehouse Grads' Student Debt Billionaire Robert F. Smith to Pay 2019 Morehouse Grads' Student Debt

Billionaire Robert F. Smith to Pay 2019 Morehouse Grads’ Student Debt

News

Cardi B Hit with $1 Million Defamation Lawsuit by Celebrity Blogger Cardi B Hit with $1 Million Defamation Lawsuit by Celebrity Blogger

Cardi B Hit with $1 Million Defamation Lawsuit by Celebrity Blogger

Entertainment

Advertisement
Connect
Join EBONY.com