CFPB Continues to Focus on Tuition Payment Plans Offered by Colleges and Universities in Latest Report
Troutman Sanders
SEPTEMBER 15, 2023
In the press release announcing the issuance of the report, CFPB Director Rohit Chopra stated, “[t]uition payment plans offered by schools may look like a good option, but this report shows student borrowers can end up paying high fees, be forced to sign away their legal rights, or even have their transcript withheld by their school.”
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