May 18, 2020
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."
March 26, 2020
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.