Accrued Interest Collections Government Student Loans 
Collection Industry News
MARCH 6, 2024
President Biden will announce a new effort on Monday to reduce or eliminate student loan debt for millions of borrowers, an election-year attempt to revive his goal of providing large-scale relief for Americans struggling to pay off their college loans, a person familiar with the plan said Friday.
Titan Consulting
JUNE 7, 2020
Congress recently passed legislation in the CARES act that provides direct and indirect benefits to Federal Student Loan borrowers. Benefits include a suspension of payments, no negative credit reporting, no collection activity, and no accrual if interest until September 30, 2020. Key Takeaways.
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Collection Industry News
APRIL 25, 2022
The Public Service Forgiveness Program eliminates the debts of government and non-profit organizations’ workers, who have accrued at least 10 years of qualifying payments. The post stated, in part: “Children of Congress members do not have to pay back their college student loans.”. billion in student debt forgiveness.
Collection Industry News
MAY 3, 2022
A number of people in the so-called “boomer” generation have hit out at President Joe Biden ‘s reported plans to forgive some student loan debt for millions of people. Mark Curtis , an television anchor for Arizona’s 12 News, added: “Cancelling accrued interest on a loan. The student loan machine is predatory.
Collection Industry News
NOVEMBER 6, 2023
The Biden-Harris Administration is fully committed to supporting student loan borrowers as they navigate return to repayment and fixing problems in the student loan system. Today, the U.S. Therefore, fewer accounts lead to lower payments moving forward.
True Accord
JULY 13, 2023
The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. Read on for our take on what’s impacting consumer finances and our industry, how consumers are reacting, and what else you should be considering as it relates to debt collection in 2023.
Collection Industry News
SEPTEMBER 2, 2023
And another factor might make the increases more painful for some consumers: The pause on federal student loan payments ended Sept. Student loan balances have already begun accruing interest again, and soon, borrowers will be expected to start making regular payments.
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