Report Shares Details of Student Loan Restart Proposals

Account Recovery

The Department of Education is considering proposals that would give borrowers “new flexibility” like initial grace periods when its moratorium on student loan payments ends on January 31, according to a published report.

PHEAA Agrees to One-Year Extension of Servicing Student Loans

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Student Loans Federal Student Aid PHEAA Sen. Elizabeth Warren Student Loan Debt Collection

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Ed. Dept. Announces Automatic Student Loan Cancellation For Disabled Borrowers

Account Recovery

The Department of Education has announced that 323,000 individuals who have a total and permanent disability will have their unpaid student loans automatically discharged without having to file any paperwork or applications. billion in unpaid loans.

Student Loan Debt Holding Individuals Back: Report

Account Recovery

Economy Student Loans Economic Data

Student Loan Forgiveness: What’s Getting Fixed?

Nerd Wallet

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.

Chapter 13 Bankruptcy and Student Loans

Sawin & Shea

Student loan debt can be crippling. Trying to put money towards a house or a car, as well as paying all of your other bills on top of student loan debt, is often exhausting and can sometimes feel impossible. How Does Student Loans Bankruptcy Work?

3 Ways to Reduce Student Loan Debt

Nerd Wallet

GET READY FOR STUDENT LOAN REPAYMENT February’s coming: What to know as payments restart My payment is how much?!: Get lower student loan bills Sick of student loans?: How to pay off debt faster Reach life milestones: Pay off loans or buy a house?

N.Y. AG Vows to Overhaul Student Loan Collection Practices

Account Recovery

The Attorney General of New York is seeking ways to overhaul how unpaid student loans are collected, especially those incurred by individuals attending State University of New York schools, because a little-known regulation allows the AG to file suit in State Supreme Court in Albany, N.Y.,

New Student Loan Licensing Law in Mass. Now in Effect

Account Recovery

A new law went into effect last week requiring anyone servicing student loans in Massachusetts to be licensed, and the definition of student loans as well as the types of companies required to be licensed are broader than one might expect.

Will Inflation Be Good for Student Loan Borrowers?

Nerd Wallet

Student loan borrowers are taking to social media to celebrate inflation. Student. The article Will Inflation Be Good for Student Loan Borrowers? Loans Student Loans

PHEAA Announces Exit From Servicing Federal Student Loans

Account Recovery

The announcement affects about 9 million individuals … The post PHEAA Announces Exit From Servicing Federal Student Loans appeared first on AccountsRecovery.net. Student Loans Elizabeth Warren PHEAA Richard Cordray

Gov’t Extends Student Loan Collection Moratorium into 2022

Account Recovery

The Biden Administration on Friday announced that it will be extending the moratorium on collecting student loans for an additional four months, until Jan. Economy Student Loans COVID-19 Moratorium President Joe Biden

Cordray Talks About ‘Defining Moment’ As Student Loan Forbearance Ends

Account Recovery

Student Loans COVID-19 Federal Student Aid Richard Cordray

Ed. Secretary Commits to Further Student Loan Collection Reforms

Account Recovery

The Department of Education will continue to reform how student loan debts are collected while strengthening oversight and enforcement, according to a published report citing a letter that was written by Education Secretary Miguel Cardona to a pair of leading Senate Democrats.

How Can You Get a Mortgage Despite Student Loans?

Nerd Wallet

Student loan debt could make it harder to buy a house, but it doesn’t make it impossible. When mortgage companies decide who gets approved for a home loan, they typically consider your debt obligations, credit rating and employment history. Loans Student Loans

How to Challenge Your Student Loans and How to Get Your Student Loans Forgiven

Credit Corp

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.

Most Frequent Student Loan Mistakes

Credit Corp

Almost 70% of students in North America take out student loans. Many students can’t afford post-secondary education without financial help. Loans are scary, and come with lots of disadvantages. Don’t fear, because we will be covering the most frequent student loan mistakes. Before getting a loan, do proper research! Don’t fall into the trap of taking out a loan from a random company without knowing your facts. Abusing Your Loan.

Calif. DFPI Assesses $1.4M in Fines and Refunds to Student Loan Debt Relief Provider

Account Recovery

million in fines and penalties against a student loan debt relief company that was accused of collecting illegal advance fees that are prohibited under federal law. in Fines and Refunds to Student Loan Debt Relief Provider appeared first on AccountsRecovery.net.

Bankruptcy Reform Bill and Student Loans

Sawin & Shea

Student loan debt is one of the heaviest burdens on today’s society. The average student loan borrower is close to $40,000 in debt , with the country as a whole having an accumulated student loan debt of $1.73 Discharging Student Loans Through Bankruptcy.

What Happens Next If Student Loans Are Forgiven?

Nerd Wallet

Student loan servicer changes Will PSLF work for you now? Key forgiveness updates Get ready for February: What to know as payments restart Keep your guard up: How to spot a student loan scam Once your federal student loans are forgiven through one of the existing.

Federal Student Loan Interest Rates to Increase July 1

Nerd Wallet

Federal student loans will be more expensive for 2021-22 school year. Even so, borrowers will still see some of the lowest student loan interest rates of the past decade. Interest rates for new undergraduate federal student loans will rise from 2.75% to 3.73% for 2021-22.

Ed. Dept. Hands Out Student Loan Contracts to Six Companies, Toughens Contract Terms

Account Recovery

Hands Out Student Loan Contracts to Six Companies, Toughens Contract Terms appeared first on AccountsRecovery.net. Student Loans Great Lakes HESC/Edfinancial MOHELA Navient Nelnet OSLA Servicing Richard Cordray

Majority of Americans in Favor of Student Loan Forgiveness: Survey

Account Recovery

A majority of Americans are in favor of blanket student loan forgiveness, according to the result of a nationwide survey released last week. Student Loans Student Loan Debt Cancellation

5 Student Loan Forgiveness Programs You Should Know About

Luftman, Heck & Associates.

It is not unusual for graduates to have trouble making their student loan payments. When you factor in high interest rates, it’s no wonder that one out of every 10 Americans defaults on a student loan. student loans Student Loans

Senators Accuse CEO of Student Loan Servicer of Lying in Congressional Testimony

Account Recovery

The Chief Executive of one of the nation’s largest student loan servicing companies is being accused of lying in testimony before Congress, as the companies winds down its operations servicing student loans on behalf of the federal government.

5 Options for Your Money Before Student Loan Payments Resume

Nerd Wallet

The Biden administration has extended the federal student loan payment pause a final time, meaning borrowers won’t owe money or accrue interest until February 2022. The article 5 Options for Your Money Before Student Loan Payments Resume originally appeared on NerdWallet.

FTC Bans Operators of Student Loan Debt Relief Scam

Account Recovery

The Federal Trade Commission has banned those behind a student loan debt relief scam from providing debt relief services as part of a settlement that the agency announced earlier this week.

Bill Introduced to Forgive Student Loan Debts for Frontline Healthcare Workers

Account Recovery

A bill has been introduced in the House of Representatives that seeks to cancel any outstanding student loan debt for frontline healthcare workers. 2418, called the Student Loan Forgiveness for Frontline Health Workers Act, was introduced yesterday by Rep.

Bankruptcy Reform Bill and Student Loans

Sawin & Shea

Student loan debt is one of the heaviest burdens on today’s society. The average student loan borrower is close to $40,000 in debt , with the country as a whole having an accumulated student loan debt of $1.73 Discharging Student Loans Through Bankruptcy.

Can You Pay Off Student Loans in One Lump Sum?

Nerd Wallet

You can use a lump sum to pay down or pay off student loans. There are never any penalties for prepaying federal or private student loans. You’ll save time and interest if you can pay off student loans in one lump sum. Loans Student Loans

Colo. AG to Hold Meeting to Discuss Rules Related to New Student Loan Servicing and Collection Law

Account Recovery

The Attorney General’s office of Colorado will be holding a virtual meeting next week to discuss components of a new student loan servicing and collection law and draft rules that it has issued which are open to feedback from interested stakeholders.

If a Stranger Offers You Student Loan Forgiveness, Hang Up

Nerd Wallet

Student loan scammers have a brand-new hook: “Biden student loan forgiveness” or “stimulus forgiveness.” The extended pause on federal student. The article If a Stranger Offers You Student Loan Forgiveness, Hang Up originally appeared on NerdWallet.

Another Student Loan Servicer Opts Out of Working for Federal Gov’t

Account Recovery

For the second time this month, a company that services federal student loans has announced it will not extend its contract with the Department of Education, choosing instead to focus its resources on its own private student loan product.

Pa. AG Bans Student Loan Debt Relief Company

Account Recovery

The Attorney General of Pennsylvania has stopped a company offering student loan debt relief services from operating in the state, forced it to repay $74,000 to individuals who were scammed, and pay a $50,000 fine as part of an announced settlement. Compliance Student Loans

Can You Consolidate Private Student Loans?

Nerd Wallet

You can consolidate private student loan debt, but the process is usually referred to as refinancing. Student loan refinancing is a financial move you make to combine all of your existing loans with a new rate and loan term. Loans Student Loans