Category: Student loans

Thousands of officials could have their student loans canceled after lawsuit settles

A settlement in a lawsuit brought against the US Department of Education by the nation’s largest teacher unions could mean thousands of previously dismissed officials will have their cases reconsidered, the Associated Press reported. The complaint was brought by the American Federation of Teachers (AFT) on behalf of eight members who claimed they were inappropriately […]

73% of parents plan to help their children pay off their student loans

With the cost of tuition rising every year, many parents are stepping in to help foot the bill. According to our survey of over 1,000 parents, almost half of parents want their child to avoid student debt “at all costs”, even if it means taking out loans or dipping into their own savings. And while […]

This Lender Will No Longer Serve Federal Student Loans: What It Means For His Business

Navigate (NASDAQ: NAVI) recently announced that it would stop managing federal student loans, moving its student loan accounts belonging to the US Department of Education to Maxim. Navient’s transfer of its service portfolio follows the decision by the Pennsylvania Higher Education Assistance Agency and Granite State to end their relationship with the government that administers […]

Student loans and mental health

According to EducationData.org, student loan borrowers hold an average of $ 39,351 in debt, and many have been under this financial pressure for decades. While federal borrowers have suspended their debt payments since the start of 2020, this administrative forbearance period is expected to expire on January 31, 2022, leaving millions of borrowers to be […]

“It doesn’t sound fair”: She has $ 131,000 in student loans and cannot afford a living, despite earning $ 110,000 a year. How to Get Rid of Student Loan Debt Faster

MarketWatch has promoted these products and services because we believe readers will find them useful. We may earn a commission if you purchase products through our links, but our recommendations are independent of any compensation we may receive. Student loan debt hit a record $ 1.73 trillion in the second quarter of 2021, according to […]

When do student loans show up on your credit report?

After mortgages, student loans have become the most important category of household debt. According to Fed estimates, in the second quarter of 2021, Americans owed $ 1.73 trillion in student loans. According to the Department of Education, the average student loan debt in 2020 was $ 35,397, a significant jump from $ 32,600 in 2019. […]

Biden changes his student loan program

WASHINGTON – The promise of the civil service loan forgiveness program was supposed to be simple. If college graduates were willing to forgo the lucrative private sector salary and work instead as a teacher, police officer, or civil servant, any federal student debt they had after 10 years of payments would be canceled. The program […]

Biden administration canceled $ 1.5 billion in student loans via borrower defense: how to apply

The Biden administration approved $ 1.5 billion in borrower defense for repayment requests between January and July. You can claim a borrower defense waiver if your school has misled you or violated state law. (iStock) President Joe Biden has campaigned to write off up to $ 10,000 in student loan debt per borrower, but federal […]

Navient abandons student loans: what’s happening now for borrowers? Is your account secure?

About 6 million student loan borrowers are lender-less after Navient announced it was pulling out of the federal student loan game. Now these borrowers are waiting to be matched with new lenders. The company had an outstanding student loan portfolio totaling $ 1.7 trillion. This has made Navient one of the largest service providers in […]

Why Navient has abandoned your student loans

President Joe Biden (Photo by Anna Moneymaker / Getty Images) Getty Images Here’s why Navient has waived your student loans. Here’s what you need to know. Student loans In a major announcement, Navient, which manages roughly $ 300 billion in private and federal student loans for 12 million student loan borrowers, announced yesterday that it […]

8 companies that help pay off student loans and let you work from home

Half Point Images | instant | Getty Images If you have student loan debt, you may be able to get help paying it off through your employer – or find one that does. More than 44 million Americans are burdened with student debt, and collectively owe $ 1.7 trillion. Now that the “big resignation” gains […]

How a woman lost $ 350,000 in student loans – without a lawyer

From the moment she moved to Los Angeles for her graduate studies, Mis Loe found herself experiencing what she describes as always “a late paycheck.” The aspiring film producer had enrolled in the prestigious American Film Institute Conservatory in 2016, taking out loans to cover tuition fees of over $ 200,000, while working in a […]

Should you still be making student loan payments during the moratorium?

Drazen_ / iStock.com The shocks of the pandemic continue to impact the economy, although some rebound has been observed. The stay has come in the form of sets of congressional laws that have alleviated some of the difficulties with moratoriums on certain payments, from mortgages to loans. University students on federal student loans were given […]

Meet a single dad with $ 550,000 in student loans for his 5 children

Reid Clark, 57, unexpectedly became the sole provider of his five children. He took out PLUS Parent Loans to fund their education and told Insider he now has $ 550,000 in debt. “I think I’m paying $ 3,000 a month for most of the rest of my life,” he told Insider. Loading Something is loading. […]

Current student loan news for the week of September 20, 2021

A new report from the Texas Public Policy Foundation found that student loans from parents account for 30% of student debt, with parents often borrowing tens of thousands of dollars for their child’s education. Here’s what you need to know. 1 current student loan trend for the week of September 20, 2021 1. New report […]

Will Biden forgive private student loans?

Student loan cancellation has dominated much of the conversation around college debt over the past year, sparked by President Biden’s campaign pledge that he would write off $ 10,000 in student loan debt for every borrower. federal. This type of widespread student loan forgiveness seems less likely now that Biden is in power. But even […]

Are Sallie Mae student loans federal or private?

When you hear the name Sallie Mae, you probably think of student loans. There’s a good reason for that; Sallie Mae has a long history, during which she provided federal and private student loans. However, since 2014, all of Sallie Mae’s student loans have been private and her federal loans have been sold to another […]

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