Nerd Wallet

OCTOBER 7, 2021

Department of Education is expected to immediately wipe the slate clean for 22,000 student borrowers seeking Public Service Loan Forgiveness and speed the process for at least 500,000 more. It’s not the broad student loan forgiveness borrowers may be dreaming of. Email: anna@nerdwallet.com.

Student loans 134

Student loans Student Loans Loans Education 134

Collection Industry News

MARCH 22, 2024

In his State of the Union address Thursday night, President Joe Biden talked up his administration’s work to forgive the student debt of nearly 4 million people. The loan servicers weren’t keeping track of the number of qualifying payments,” Kantrowitz said in a previous CNBC interview.

Student loans 40

Student loans Student Loans Loans Education 40

Credit Corp

OCTOBER 31, 2021

If you feel burdened under the weight of student loan debt, you’re not alone. In 2019, the average student loan debt total per person was more than $31,000. The good news is that you may be able to get part or all of your student loans forgiven. Reduce Your Student Loan Payments. In This Piece.

Student loans 98

Student loans Student Loans Loans Garnishment 98

Nerd Wallet

JUNE 8, 2022

For Kristi Cruz, a legal aid attorney in Seattle, checking her federal student aid account to see if her debt would be discharged through the Public Service Loan Forgiveness program became a compulsion. The article How a Legal Aid Attorney Got Student Loan Forgiveness originally appeared on NerdWallet.

Student loans 93

Student loans Student Loans Loans 93

Credit Corp

MARCH 21, 2023

million Americans have student loan debt, which totals over $1.7 If you owe tens of thousands of dollars in student loan debt, you’re not alone. million Americans have some form of federal or private student loan debt. Table of contents: Average student loan debt How many Americans have student loan debt?

Student loans 98

Student loans Student Loans Loans Education 98

Nerd Wallet

OCTOBER 7, 2020

Student loan forgiveness isn’t easy to get even if you qualify for one of several existing federal programs, including: Public Service Loan Forgiveness: Make 10 years’ worth of payments (120 months) while working for the government or a nonprofit to qualify for tax-free forgiveness on the remainder of your debt.

Student loans 91

Student loans Student Loans Loans Government 91

Collection Industry News

OCTOBER 6, 2023

President Joe Biden announced Wednesday that he approved $9 billion in student loan forgiveness for 125,000 Americans. The relief is a result of his administration’s fixes to a number of programs, including the income-driven repayment plans and Public Service Loan Forgiveness.

Student loans 40

Student loans Student Loans Education Loans 40

Collection Industry News

SEPTEMBER 6, 2023

Department of Education has made to income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF), and granting automatic relief for borrowers with total and permanent disabilities. billion in additional debt relief for 53,000 borrowers under Public Service Loan Forgiveness programs.

Student loans 40

Student loans Student Loans Education Loans 40

Nerd Wallet

OCTOBER 13, 2022

The Public Service Loan Forgiveness program is sometimes criticized for providing debt relief to borrowers working in public service who took on high loan amounts and earn enough income to repay their debt. Anna Helhoski writes for NerdWallet. Anna Helhoski writes for NerdWallet.

Student loans 52

Student loans Student Loans Loans 52

Roths Child Law

APRIL 15, 2021

Taking out a student loan is supposed to be a financial investment in your future. It can be very difficult for college graduates to balance their daily financial needs with the obligation to repay massive student loans. Some of these borrowers will eventually end up defaulting on their loans.

Student loans 98

Student loans Student Loans Loans Education 98

Public Citizen

MARCH 24, 2022

Jack Hoover, a 3L at Virginia, has written Standing and Student Loan Cancellation, 108 Va. Here's the abstract: As the public policy debate over broad student loan cancellation continues, many have questioned whether the Executive branch has the legal authority to waive the federal government’s claim to up to $1.6

Student loans 81

Student loans Student Loans Loans Government 81

Collection Industry News

OCTOBER 10, 2022

The CFPB released a special edition of Supervisory Highlights on student loan servicing practices of loan servicers and schools lending to students directly. In particular, examiners observed servicers misrepresenting eligibility dates and the requisite number of payments to qualify for relief.

Student loans 40

Student loans Student Loans Lender Loans 40

Nerd Wallet

OCTOBER 23, 2020

There’s no simple way to get rid of student loans without paying. But for federal student loans, there are forgiveness programs available after you make payments and meet other qualifications. The article How Can I Get Rid of Student Loans Without Paying? Anna Helhoski is a writer at NerdWallet.

Student loans 52

Student loans Student Loans Loans 52

Collection Industry News

SEPTEMBER 19, 2022

Student borrowers in New York state should be mindful of potential debt relief scams as the federal government moves to provide up to $20,000 in debt forgiveness, Gov. New Yorkers work hard for every dollar they earn and the student loan forgiveness plan will be critical to helping reduce the pressures of mounting debt,” Hochul said.

Student loans 40

Student loans Student Loans Loans Education 40

Collection Industry News

MAY 22, 2023

The Federal Trade Commission has stopped a pair of student loan debt relief schemes that it says bilked students out of approximately $12 million by using deceptive claims about repayment programs and loan forgiveness that did not exist. and SLA Consulting Services Inc. and SLA Consulting Services Inc.

Student loans 40

Student loans Student Loans Loans Education 40

Troutman Sanders

MARCH 28, 2023

Court of Appeals for the Fifth Circuit’s decision in Community Financial Services Association of America v. Department of Education announced that it will hold virtual public hearings on April 11-13 to receive stakeholder feedback on potential issues for future rulemaking sessions. For more information, click here. and 682.416.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

SEPTEMBER 27, 2022

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. For more information about the CFTC’s recent settlement with Ooki DAO, click here.

Financial services 52

Financial services Loans Trade Student loans 52

Roths Child Law

APRIL 15, 2021

Taking out a student loan is supposed to be a financial investment in your future. It can be very difficult for college graduates to balance their daily financial needs with the obligation to repay massive student loans. Some of these borrowers will eventually end up defaulting on their loans.

Student loans 40

Student loans Student Loans Loans Education 40

Troutman Sanders

FEBRUARY 23, 2022

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). The bulletin recommends that actions servicers should consider ensuring that they do not misrepresent borrower eligibility or make deceptive statements to borrowers about the PSLF program and the waiver.

Financial services 52

Financial services Student loans Student Loans Government 52

Collection Industry News

JULY 6, 2021

The report also highlights prior CFPB supervisory findings that led to public enforcement actions in 2020 resulting in more than $124 million in consumer remediation and civil money penalties. CFPB examiners often find problems during supervisory examinations that are resolved without an enforcement action.

Student loans 40

Student loans Student Loans Foreclosure Loans 40

Credit Corp

AUGUST 25, 2020

As of early 2020, student loan debt in the nation had reached more than $1.5 More than 44 million individuals have student loan debt, and the average person with student loans owes a bit over $32,000—which is more than half of the average household income in the United States. Looking for a Student Loan?

Student loans 88

Student loans Student Loans Loans Education 88

Collection Industry News

NOVEMBER 8, 2021

Of the 43 million Americans who hold student debt, roughly a fifth were in default this summer, writes Sarah Sattelmeyer. More than eight million Americans were in default on their student loans as of June. They represent roughly one-fifth of the 43 million Americans who held federal student debt. Dreamstime.

Student loans 52

Student loans Student Loans Education Garnishment 52

Collection Industry News

FEBRUARY 21, 2022

– Today the Consumer Financial Protection Bureau (CFPB) released a bulletin detailing student loan servicers’ obligation to halt unlawful conduct regarding borrowers’ eligibility and benefits under the Public Service Loan Forgiveness (PSLF) Waiver. We will be working closely with the U.S.

Student loans 52

Student loans Student Loans Loans Education 52

Credit Corp

JANUARY 12, 2021

And for thousands of grads who are buckling under the weight of monthly student loan payments that can cost as much as a mortgage, that worry can last for as long as 25 years. Think again—many public flagships can cost over $100,000 for residents seeking an undergraduate degree, including room and board.

Student loans 99

Student loans Student Loans Education Loans 99

Troutman Sanders

OCTOBER 11, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures.

Financial services 52

Financial services Loans Lender Foreclosure 52

Troutman Sanders

APRIL 19, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

APRIL 4, 2022

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Edfinancial made a series of deceptive statements to borrowers about loan cancellation for public service, including falsely telling borrowers with FFELP loans that they could not qualify for the program.

Financial services 52

Financial services Loans Banks Student loans 52

National Service Bureau

DECEMBER 15, 2015

The United States Department of Education (ED) recently announced two additional regulations (designated REPAYE or Revised Pay As You Earn) which are intended to ease the burden of federal student loan repayment. The intent of this rule is to prevent small sample sizes from misrepresenting the institution’s loan practices.

Student loans 40

Student loans Student Loans Garnishment Loans 40

Troutman Sanders

JULY 7, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

Account Recovery

MARCH 25, 2024

The federal government last week announced it had forgiven an additional $6 billion of student loan debt for 77,000 individuals under the Public Service Loan Forgiveness program, while also notifying 380,000 other public service workers that they are on track to have their loans forgiven within the next two years.

Loans 130

Loans Student loans Student Loans Government 130

Account Recovery

JANUARY 22, 2024

The federal government on Friday announced it had approved the forgiveness of $4.9 billion of unpaid student loans for 73,000 individuals as a result of adjustments to the income-driven repayment (IDR) forgiveness and Public Service Loan Forgiveness (PSLF) programs. million individuals.

Student loans 130

Student loans Student Loans Loans Government 130

Debt RR

MAY 8, 2020

Many businesses and sole proprietors are looking for IRS debt forgiveness programs. While the IRS does not offer a specific forgiveness program, they do have solutions that can reduce a business’s tax burden or give eligible businesses more time to pay their taxes. The IRS debt forgiveness options vary from business to business.

Student loans 42

Student loans Student Loans Garnishment Creditors 42

Account Recovery

APRIL 20, 2022

The Department of Education yesterday announced a series of changes to “bring borrowers closer” to having their loans forgiven under a pair of programs, which also resulted in the immediate cancellation of student loan debts for 40,000 individuals. An additional 3.6 An additional 3.6

Student loans 246

Student loans Student Loans Education Loans 246

Better Credit Blog

JULY 12, 2021

Student loans are a pressing issue for so many people who have put themselves through college and other higher education. Luckily, there are options for student loan forgiveness—which can wipe away some or all of what you owe. What is student loan forgiveness? The big federal loans.

Student loans 52

Student loans Student Loans Loans Education 52

Troutman Sanders

FEBRUARY 6, 2024

billion in student loan forgiveness for 73,000 individuals. The relief was provided through several modifications to the income-driven repayment (IDR) forgiveness and Public Service Loan Forgiveness (PLSF) programs. billion in student loans for more than 3.7 million borrowers.

Student loans 52

Student loans Student Loans Education Loans 52

Collection Industry News

SEPTEMBER 6, 2022

If Navient was your federal loan servicer, your loans have been transferred to Aidvantage. With the federal loan pause ending at the end of the year, you’ll want to know how to log into Aidvantage’s website to view your student loan account. Why did Navient exit the student loan industry?

Student loans 40

Student loans Student Loans Loans Education 40

Troutman Sanders

AUGUST 16, 2022

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. Servicers must implement this change starting on March 1, 2023. State Activities. For more information, click here.

Financial services 52

Financial services Loans Student loans Student Loans 52