More than 1,000 Coloradans to have their debt forgiven, nearly 7,000 eligible for restitution Jan. 13, 2022 (DENVER)—Attorney General Phil Weiser today announced that Navient, one of the nation’s largest student loan servicers, will provide debt relief to 1,339 Colorado […]
Student loan servicer that runs federal Public Service Loan Forgiveness program agrees to comply with state consumer protection laws
Sept. 28, 2021 (DENVER)—Attorney General Phil Weiser today announced that the student loan servicer that handles the federal Public Service Loan Forgiveness program, Pennsylvania Higher Education Assistance Agency, agreed to comply with a state law requiring consumer protection oversight after […]
Colorado sues student loan servicer that runs Public Service Loan Forgiveness program to force it to comply with state consumer protection laws
May 26, 2021 (DENVER)—Attorney General Phil Weiser today announced that his office sued the student loan servicer that handles the federal Public Service Loan Forgiveness program, Pennsylvania Higher Education Assistance Agency, after it refused to fully comply with state law […]
Attorney General Phil Weiser urges US Education Secretary to comprehensively address student loan crisis
March 31, 2021 (DENVER)—Attorney General Phil Weiser led a coalition of 23 states today, urging U.S. Education Secretary Miguel Cardona to adopt additional reforms that would ease the process of paying student loans and would protect student loan borrowers from […]
Attorney General Phil Weiser announces additional student loan relief for former Colorado Art Institute students
Weiser distributes $66,000 in refunds, announces cancellation of $1.2 million in loans Aug. 17, 2020 (DENVER, Colo.)— Attorney General Phil Weiser this month returned more than $66,000 to former Art Institute of Colorado students who were defrauded when the school’s […]
Attorney General Weiser announces expanded payment relief for student loan borrowers
April 23, 2020 (DENVER, Colo.)—Attorney General Phil Weiser announced today that Colorado has secured relief options with many private student loan servicers to expand on the protections the federal government granted to federal student loan borrowers. The federal CARES Act […]
Attorney General Phil Weiser urges student loan servicers and other creditors to exercise restraint and hold off debt collection efforts
March 18, 2020 (DENVER, Colo.)— Attorney General Phil Weiser today released the following statement urging student loan servicers, debt collection agencies, and creditors to act responsibly toward Colorado borrowers: “Over the last few weeks, federal, state, and local government officials […]
Student Loan Servicing: General Information
The Administrator of the Uniform Consumer Credit Code held a public rulemaking hearing on September 23, 2019, pursuant to § 24-4-103, C.R.S., pertaining to the “Colorado Student Loan Servicers Act.” The Colorado Student Loan Servicers Act Rules 1-3 were published […]
Student Loan Servicer Licensing
The Colorado Student Loan Equity Act applies to any organization engaged in servicing a student loan owed by a Colorado resident. To qualify for licensure as a federal contractor, there must be a currently operative contract awarded by the U.S. […]
Attorney General Phil Weiser fighting for public servants who were promised and denied student loan debt relief
Nov. 22, 2019 (DENVER, Colo.)— Attorney General Phil Weiser today joined 20 other states in filing a brief in a federal case in support of public servants who were promised student loan debt forgiveness in exchange for 10 years of […]