"The US Department of Education is holding more than 900,000 student loans that are at least 30 years old. Tens of thousands of these loans originated almost a half-century ago. And it's likely that most of the total balances are the result of... — read more
Debt Collective Dispute Tool for Student Loan Debt Forgiveness
https://tools.debtcollective.org/run/student/#/1
Security issues?
"Based on the review of impacted files to date, the Company believes those files contain personal information, including social security numbers, protected health information and/or other personal information, of at least 8 to 11 million individuals... — read more
SAVE
The new Biden plan. Will it survive? https://www.al.com/education/2023/07/new-student-loan-debt-forgiveness-program-save-now-available-how-to-apply.html
Ready for the deluge from October onward?
Imagine what happens with defaults in... — read more
"The Welfare-to-Work Industrial Complex"
https://revealnews.org/podcast/the-welfare-to-work-industrial-complex/
CEO Pay
https://www.execpay.org/executive/bruce-l-caswell-14084
"Chester: Maximus call center workers go on strike, picket in four states"
https://www.progress-index.com/story/news/2023/06/05/maximus-call-center-workers-go-on-strike-after-700-employees-laid-off-last-month-want-hire-wages/70289468007/
Maximus engaging in unfair labor practices?
The Communications Workers of America union has filed an unfair labor practice complaint against federal technology provider Maximus relating to the company’s operation of call centers on behalf of the Department of Health and Human Services. In a... — read more
Maximus holds second layoff at Bogalusa call center, 55 employees affected
https://www.theadvocate.com/baton_rouge/news/business/maximus-lays-off-55-at-bogalusa-call-center/article_78c5519a-fb4a-11ed-b963-cbc502b1e704.html
"Customer Disservice" (Report from CWA and SBPC)
https://protectborrowers.org/wp-content/uploads/2022/03/CWA_SBPC_MAXIMUS.pdf https://www.forbes.com/sites/zackfriedman/2022/03/14/bombshell-report-claims-worlds-largest-student-loan-company-misled-student-loan-borrowers/?sh=25f3bd159027
Cash crunch at ED
https://www.politico.com/news/2023/04/25/biden-student-loans-education-department-00093302
"Underpaid and Insulted, Maximus Call Center Workers Organize"
https://www.labornotes.org/2023/03/underpaid-and-insulted-maximus-call-center-workers-organize
Borrower Defense to Repayment
Sweet v Cardona https://www.highereddive.com/news/judge-clears-path-for-most-sweet-v-cardona-loan-cancellation-to-move-forwa/643670/ Career Colleges & Schools of Texas v US Department of... — read more
"Many Americans need second income to afford student loan payments without Biden's forgiveness plan: Survey"
https://www.foxbusiness.com/personal-finance/americans-need-second-income-without-biden-student-loan-forgiveness
Get ready for an avalanche of student loan defaults.
Not right away, but it will happen. If you can get other work outside this area, you should do it. U.S. Department of Education Undersecretary James Kvaal said in a recent court filing that if the government isn’t allowed to provide debt relief... — read more
People's Rally for Student Debt Cancellation to be held outside Supreme Court, February 28, 2023
https://www.highereducationinquirer.org/2023/02/peoples-rally-for-student-debt.html
"Workers at federal subcontractor Maximus protest layoffs at call centers in Louisiana and Mississippi"
"Call center employees working for Maximus, a federal subcontractor, in Louisiana and Mississippi launched a protest this week after a sudden round of mass layoffs left over 100 workers without jobs earlier this month. The company, which employs over... — read more
$674 Billion of Student Loan Debt is Unrecoverable?
This will be getting very interesting, especially after mandatory student loan payments resume. https://ageowns.com/pdf/FY2022FSAAnnualReport.pdf
"Student loan default could cross pre-COVID levels without debt relief: NY Fed"
https://seekingalpha.com/news/3922148-student-loan-default-could-cross-pre-covid-levels-without-debt-relief-ny-fed https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1046.pdf
Maximus Layoffs 2023
Will there be any Maximus layoffs? Any chatter, news or rumors?
MMS shares near a year low
$56.19. YOY loss of 33.75 percent https://seekingalpha.com/symbol/MMS
$6.6B contract for Medicare/Medicaid contact center operations
"Maximus said Thursday it was awarded a $6.6B contract for a base period for transition plus nine one-year option periods by the Centers for Medicare & Medicaid Services for Contact Center Operations. MMS will continue supporting CMS' contact center... — read more
Educated White Supremacists oppose student loan forgiveness...
Nothing like having haters as allies... https://www.msn.com/en-us/news/us/biden-s-student-loan-debt-forgiveness-plan-hit-with-lawsuit-over-racial-motive/ar-AA12BpDx?ocid=msedgntp&cvid=c0cedf0a7232428f93475e8dcfafeb01
$10K-$20K in debt relief
How will Maximus handle this hot mess? https://www.cnn.com/2022/08/24/politics/biden-student-loan-forgiveness-qualify/index.html https://www.businessinsider.com/student-loan-company-maximus-mistakenly-told-borrowers-payments-are-due-2022-8 — read more
"Fresh Start" Program will be a giant mess
Is Maximus prepared fora flood of applications for the Fresh Start program? https://www.washingtonpost.com/education/2022/08/17/student-loan-default-fresh-start/
Yay I wasted a year for what
Literally got hight QA with the hope that I would become permanent was told I would just lies pretty upset and only some got notice... Lol I found out when I could not log in horrible company
Maximus shares tanking
https://www.linkedin.com/posts/dahn-shaulis_has-student-loan-servicer-maximus-bottomed-activity-6935463297160802304-VEbz?utm_source=linkedin_share&utm_medium=android_app
Laid off without warning.
I got the boot from Maximus without any notification at all. I was one of a hundred or so who was laid-off because the student loan forgiveness was extended until 09.01.2022. What I do not understand is why Maximus did not offer us jobs with one of... — read more
CWA SBPC Investigation
Imagine what will happen if US taxpayers know just how much of a boondoggle Maximus contracts with the US Department of Education.
Why Federal Student Loan Payments Probably Won’t Restart This May
https://time.com/6160275/student-loan-moratorium-expiration-may/
Is Maximus prepared for College Meltdown 2.0?
It's going to be interesting if Biden resumes student loan payments May 1, 2022. https://www.highereducationinquirer.org/2022/02/college-meltdown-20.html
Earnings Call Presentation
Lots of charts...the Poverty Industrial Complex is enormous https://seekingalpha.com/article/4483953-maximus-inc-2022-q1-results-earnings-call-presentation
Hit the Road Jack!
News for the hundreds of NAVI workers who moved over to MMS... https://www.thelayoff.com/t/1eZh0bOX
"Giving Back" (GiveCon Podcast)
Adding social value...instead of paying workers a fair wage? https://washingtonexec.com/2022/01/givers-of-govcon-podcast-the-maximus-foundation-with-bruce-caswell-and-john-boyer/
"Maximus, Student Loan Debt, and the Poverty Industrial Complex"
"Maximus has more than 13 million federal student loans to service. While its CEO Bruce Caswell made more than $6 million in total compensation last year, its customer service representatives, the people who have to make the calls to the growing... — read more
$15 Minimum Wage for Federal Contractors Takes Effect Jan 30
"Beginning January 30, 2022, all federal contractors will receive a guaranteed hourly minimum wage of $15. According to the US Department of Labor, all new contracts will include this provision for minimum wage."... — read more
So this is the company that took over for Navient?
What's it like working for Maximus? https://www.oxygen.com/true-crime-buzz/what-is-maximus-and-the-poverty-industrial-complex
Welcome former Navient employees
"So, we're preparing our staffing to ensure that we're answering the phones on time and continuing the same level of risk outreach that have been provided historically by the Navient team. We're very committed as a company to a borrower centric model... — read more
Maximus Customer Service Representative – Dept. of Education (Remote)
Maybe the name should be changed to Minimus. $13.15 an hour