Mar 5 2021
AG Ferguson: Judge rules national student loan servicer Navient broke the law in servicing student loan debt
SEATTLE — A King County Superior Court judge ruled that Navient, the country’s largest student loan servicer, violated the Consumer Protection Act by engaging in unfair and deceptive conduct related to Washingtonians’ student loans. This is the first time a judge has ruled that Navient broke a consumer protection law in a student loan servicing lawsuit filed by a state’s Attorney General or federal consumer protection agency. Attorney General Bob Ferguson has been litigating this case since January 2017, seeking accountability for Navient’s conduct, legally enforceable terms to prevent future unlawful conduct and financial restitution for Washingtonians harmed by the unlawful conduct.
Sep 16 2020
Attorney General Bob Ferguson today announced that 816 former ITT Tech students in Washington state will receive $5.9 million in debt relief. This amount covers all outstanding debts these borrowers owe to PEAKS Trust. The debt forgiveness resolves an investigation launched by Ferguson and a bipartisan coalition of attorneys general into unfair and deceptive lending practices by PEAKS Trust, a private loan program created to fund loans for the for-profit college ITT Tech. Today’s court filing also requires PEAKS to dissolve.
Oct 17 2019
OLYMPIA — Attorney General Bob Ferguson is urging Washington student loan borrowers who have had trouble with public service loan forgiveness to submit a complaint to the Attorney General’s Office. According to the U.S. Department of Education, it has only approved 1 percent of applications for loan forgiveness under the program.
Jun 14 2019
AG Ferguson secures $5.1M in relief for more than 500 Washington students scammed by lender affiliated with shuttered for-profit college
OLYMPIA — Attorney General Bob Ferguson today announced that as a result of an investigation, Student CU Connect LLC (CUSO) will provide debt relief for 100 percent of its student loans for deceiving ITT Technical Institute students when it issued the loans.
Jan 30 2019
Attorney General Bob Ferguson today released an updated Student Loan Survival Guide, which provides tips and resources for those impacted by student loans, including high school students thinking about taking out student loans, former college students making repayments and parents who cosigned loans.
Jan 3 2019
AG Ferguson obtains more than $7M in student debt relief for thousands of Washingtonians from for-profit college
More than 3,000 Washingtonians will receive more than $7.6 million in debt relief from Career Education Corporation (CEC), a for-profit higher education company, as part of Attorney General Bob Ferguson’s legal action over the company’s use of deceptive practices to attract potential students. CEC owned and operated two campuses in Washington until they closed down.
Sep 12 2018
Following another legal victory against the Trump Administration, Attorney General Bob Ferguson issued a statement today after a federal judge in Washington, D.C., ruled the federal Department of Education improperly delayed the implementation of Obama-era rules that protect student loan borrowers from predatory and deceptive practices by higher education institutions.
Mar 2 2018
AG-request bill protecting hundreds of thousands of Washington student loan borrowers passes the Legislature
OLYMPIA — Attorney General Bob Ferguson’s agency-request legislation providing vital protections for Washington’s more than 800,000 student loan borrowers passed the Legislature today.
Dec 29 2017
More than 800,000 Washington borrowers owe more than $24B in student loan debt
Aug 17 2017
Attorney General Bob Ferguson announced today that Lake Oswego, Ore.-based Aequitas Capital Management must provide nearly 2,000 Washington student loan borrowers more than $7 million in debt relief.