Our nationally recognized student lending attorneys represent clients in higher education and the student loan industry, including private schools, colleges, universities, sponsors, lenders, servicers, guaranty agencies, and collection agencies. We also have assisted secondary market participants and other entities involved in federal and state guaranteed student loan programs, income share agreements, private and supplemental student loan programs, and related tuition payment plans and school debit card plans.
Our private student loan experience encompasses programs targeting a variety of education sectors, including K-12, colleges and universities, graduate and professional schools, coding boot camps, and Title IV career schools, as well as the private consolidation loan and student loan refinance market. We advise clients involved in these programs on compliance with all applicable licensing, marketing, origination, and collections laws and state and federal regulations.
Our litigators have defended student lenders and servicers from all manner of class actions and individual claims. Our experience includes cases involving claims of fraudulent and deceptive marketing practices, breach of contract, violations of student loan servicing laws, unfair collection practices, and improper reporting to credit bureaus. We also have played a prominent role in defending the enforceability of arbitration clauses in consumer financial services agreements, both generally and in cases involving private student loan and installment loan documents.
We have represented lenders and servicers of all sizes in connection with examinations, investigations, and enforcement actions brought by federal and state regulatory agencies operating in this space, including the CFPB, the Department of Education, prudential banking regulators, and attorneys general and banking departments in California, Iowa, Massachusetts, Minnesota, New York, and Wisconsin. We have persuaded regulatory agencies to drop claims, convinced them to adopt more favorable terms in consent orders, and successfully negotiated significant dollar reductions in settlement demands.
Consumer Financial Services | Consumer Financial Protection Bureau (CFPB) | Student Loans | Debt Collection | 501(c)(3) Bonds