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Oksenendler v. Northstar Education Finance, Inc.
Case Number:
0:20-cv-00805
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
-
May 18, 2020
Student Lender Says It Hasn't Suspended Rate Cuts
Student loan provider Northstar Education Finance Inc. has not suspended interest rate reductions on loans as alleged in a proposed class action and isn't in breach of loan contracts or a 2009 settlement, the company said Friday in Minnesota federal court, calling the claims "unripe."
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March 26, 2020
Student Lender Sued For Nixing Interest Cut Amid Pandemic
Northstar Education Finance borrowers filed a proposed class action Thursday alleging the lender suspended an interest-rate reduction tied to steady payments amid stock market volatility over COVID-19 concerns, saying the effective rate hike violates a settlement over the program's suspension amid the last major financial crisis.