Student loans are notoriously difficult to repay in bankruptcy. A new bill could change that.

Student borrowers have always struggled to pay off their higher education debt in the event of bankruptcy. Now they can get there easier thanks to a new bill introduced by Democrats in Congress. The Student Borrower Bankruptcy Relief Act of 2022, introduced earlier this month by House Judiciary Chairman Jerrold Nadler and Rhode Island Rep. […]

How to know if your student loans are eligible for forgiveness under Biden’s plan

President Joe Biden speaks about canceling student loan debt in the Roosevelt Room of the White … [+] House, Wednesday, August 24, 2022, in Washington. (AP Photo/Evan Vucci) Copyright 2022 The Associated Press. All rights reserved The Biden administration is preparing to roll out its one-time new student loan forgiveness initiative, which could provide relief […]

CFPB Focuses on Student Loans – Particularly Those Made by Schools – in Latest Supervision Highlights | Troutman pepper

On September 29, the Consumer Financial Protection Bureau (CFPB or Bureau) published a special edition of his Oversight Highlights, focusing on student loan servicing. The report contained findings about the federal student loans service that echo many of the Bureau’s recent public comments, but most notably, this edition of Oversight Highlights also focused heavily on […]

Recent student loan reversal could affect thousands of Vermont borrowers

The Biden administration quietly changed the criteria for loan relief, which could affect more than 10,700 people who took out student loans through the Vermont Student Assistance Corporation. File photo by Glenn Russell/VTDigger Updated at 7:15 p.m. On September 30, Hannah Regier called the Vermont Student Assistance Corporation, the state’s nonprofit lender, for information about […]

CFPB focuses on student loans – especially those made by schools – in latest oversight highlights

On September 29, the Consumer Financial Protection Bureau (CFPB or Bureau) released a special edition of its Oversight Highlights, focusing on student loan servicing. The report contained findings about the federal student loans service that echo many of the Bureau’s recent public comments, but most notably, this edition of Oversight Highlights also focused heavily on […]

Richmond man charged with stealing $600,000 in fraudulent student loans

A former Texas Southern University employee faces seven federal charges alleging he fraudulently obtained $600,000 in financial aid by enrolling ‘students’ at Texas colleges and universities and submitting their loan applications to personal purposes, according to the U.S. Attorney’s Office. Emmanuel Finnih, 39, from Richmond, is accused of using the fraudulent or stolen IDs of […]

Best online loans in 2022

Advantages and disadvantages of online loans It’s a good idea to weigh the pros and cons when deciding whether to go with an online lender versus an in-person lender like a bank or credit union. Some features may vary from lender to lender, but generally here’s what you can expect with online loans: Advantages Convenience: […]

What are Private Federal Student Loans? New loan forgiveness rules released by Biden administration exclude specific type

WASHINGTON– The Biden administration reduced eligibility for its student loan cancellation plan on Thursday, the same day six Republican-led states sued President Joe Biden in a bid to prevent his student loan cancellation plan to go into effect, CNN reported. Borrowers whose federal student loans are government guaranteed but held by private lenders will now […]

Education Department quietly excludes subset of student loans from relief package

On September 29, 2022, the United States Department of Education updated the guidelines for the Biden administration’s student loan forgiveness plan. Under the updated policy, borrowers with private federal student loans are no longer eligible to receive loan forgiveness. Here’s what you need to know. Key points to remember Borrowers with federal student loans not […]

Strange bedfellows call on CFPB to enact broader participation rule for personal loans | Ballard Spahr LLP

The Center for Responsible Lending (CRL) and the Consumer Bankers Association (CBA) have filed a joint petition with the CFPB that urges the Bureau to engage in developing rules to define the biggest players in the personal loan market. In February 2022, the CFPB implemented a new procedure for members of the public to submit […]

Student loans: how do you request repayment of student loan repayments you made during the pandemic?

President Joe Biden announced until $20,000 in debt forgiveness and the start of student loan repayments on January 1, 2023 on August 24, making its highly anticipated decision on student loans. Since COVID-19[feminine] pandemic began, interest and repayment of student loans were suspended. Some 45 million Americans with federal student loans continued to make payments […]

Best Loans No Credit Check: Top 10 Loan Companies For Payday Loans And Bad Credit Loans With Guaranteed Approval

When you urgently need money and you can’t get it anywhere due to your bad credit, the world can seem bleak. Unfortunately, traditional loan providers will rarely accept applicants who don’t have a top notch credit history. So how could you solve your cash-strapped situation? Here are no credit check loans from brokers with a […]

Private Student Loans Market Analysis and Forecast for the Next 5 Years

Latest research study published by HTF MI “Global Private Student Loans Market” with 100+ pages analysis on business strategy taken up by key and emerging industry players and provides know-how on current development of the market, landscape, technologies, drivers, opportunities, market view and status. Understanding the segments helps to identify the importance of different factors […]

House Republicans press Biden again on staffers with student loans

HRepublicans on the administration’s oversight committee are again demanding information from the Biden administration about staffers who hold millions of dollars in student loans. The group, led by Representatives James Comer (R-KY), a ranking member of the Oversight and Reform Committee, and Virginia Foxx (R-NC), a ranking member of the Education and Labor Committee, sought […]

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