Errors related to borrowers’ college “enrollment status” can have serious financial consequences, and the U.S. Consumer Financial Protection Bureau is making current and former students aware. Your enrollment status is…
The nation’s largest servicer of both federal and private student loans allegedly failed borrowers “systematically and illegally,” according to a lawsuit filed by the U.S. Consumer Financial Protection Bureau. Navient,…
Federal law allows the government to garnish the Social Security benefits of borrowers over the age of 50 who have defaulted on their school loans.
DeVry University and its parent company have agreed to pay $100 million as part of a settlement with the U.S. Federal Trade Commission to resolve allegations that the for-profit institution…
As of June 2016, 24 percent of federal Direct Loan borrowers who are repaying their loans (or 5.3 million borrowers) were doing so in income-driven repayment (IDR) plans, compared to 10 percent in June 2013.
President-elect Donald Trump didn’t say much about improving college affordability during his campaign, but he has addressed repayment plans for the millions of graduates saddled with mounting student loan debt….
Nationally, about seven in 10 (68 percent) seniors who graduated from public and private nonprofit colleges in 2015 had student loan debt, a similar share as in 2014.
Those ITT students who left the school within the last 120 days would be eligible to have federal loans for their ITT education forgiven if they want to start over at another school.
The average student loan balance of Millennial rental applicants reached $31,900 in 2015, CoreLogic said.
Under the partnership unveiled July 21, Wells Fargo had agreed to discount half a percentage point from its interest rate on student loans to Amazon “Prime Student” subscribers.