ITT Technical Institute announced that it's closing all its facilities. This decision is a result of an Education Department ban of the school enrolling students who receive federal financial aid.

National

Student loan debt is at an all time high — and it’s hitting African-American students the hardest. According to a study by the Brookings Institution, there are racial debt disparities in low-to-moderate income students. Black students leave college with an average debt of $27,000, while White students incur an average of $20,000. Student load debt facts: Black […]

U.S. Marshals have confirmed that they have been tasked with serving nearly 2,000 warrants to people who have defaulted on their student loans.

In what might be an extreme use of government resources, reports are coming forth that U.S. Marshals are serving warrants and arresting people for outstanding federal student loans. A Houston man says that seven armed marshals arrived on his doorstep for a $1500 loan he took out nearly 30 years ago, but there might be […]