Report Calls for ‘Broad-Based’ Cancellation of Student Loans

Account Recovery

The … The post Report Calls for ‘Broad-Based’ Cancellation of Student Loans appeared first on AccountsRecovery.net. Student Loans Center for Law and Social Policy National Consumer Law Center Student Loan Debt Cancellation

Settlement Will Cancel $6B of Unpaid Student Loans

Account Recovery

The Department of Education yesterday announced a settlement in a lawsuit that will see the debts of 200,000 individuals forgiven, wiping out $6 billion in unpaid loans owed by individuals who had filed borrower defense claims that were left pending for years by previous administrations.

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Bill Introduced in House to Prohibit Cancellation and Forgiveness of Student Loans

Account Recovery

Compliance Student Loans H.R. Scott DesJarlais Student Loan Debt Cancellation

CommonBond Exits the Student Loan Business

Nerd Wallet

CommonBond stopped offering student loans in April 2022 and ended its student loan refinance program in May 2022. Now, CommonBond focuses only on loans for solar panels. Historically, CommonBond offered student loans. Loans Student Loans

Bill Introduced in Senate to End Student Loan Moratorium, Prohibit Debt Cancellation

Account Recovery

A bill has been introduced in the Senate that would prohibit President Biden from canceling outstanding federal student loan obligations due to a national emergency while also ending the current moratorium on federal student loan payments.

All the Types of Student Loans

Better Credit Blog

In those cases, student loans can be a valuable resource. If you’re looking for a loan to help fund your education, you have plenty of options. Read on to learn which types of student loan might work best for you. Table of Contents: Federal Student Loans.

Stories about people struggling with student loans

Public Citizen

Student LoansHere , from Business Insider. Painful reading, especially for those of us in education.

Student Loan IDRs Go Under the Microscope

Account Recovery

… The post Student Loan IDRs Go Under the Microscope appeared first on AccountsRecovery.net. Student Loans H.R.

Student Loan Debt Relief Scammers Sentenced

Account Recovery

Christopher Lyell was … The post Student Loan Debt Relief Scammers Sentenced appeared first on AccountsRecovery.net. Compliance Student Loans Brandley Hansen Christopher Lyell Hoke Nagahori Paul Rehmar Rob Bonta Student Loan Debt Relief Department

Student Loan Debt Leads to Higher Chance of Heart Problems Later in Life: Study

Account Recovery

General News Student Loans Student Loan Debt Cancellation Student Loan Debt Relief

CFPB Sanctions Edfinancial for Lying about Student Loan Cancellation

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today sanctioned Edfinancial Services, a student-loan servicer, for making deceptive statements to student loan borrowers and misrepresenting their forgiveness and repayment options to them.

Student Loan Repayment Moratorium Extended Until May

Account Recovery

Back in August, the government announced a … The post Student Loan Repayment Moratorium Extended Until May appeared first on AccountsRecovery.net. Student Loans COVID-19 Moratorium Student Loan Debt Cancellation

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.

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.

Lawmakers Ramping Up Calls to Extend Student Loan Payment Moratorium

Account Recovery

Student Loans Student Loan Debt Cancellation Student Loan Debt Collection

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?

CFPB Announces Crackdown on Student Loan Servicers Over PSLF Program

Account Recovery

Student Loans Public Service Loan Forgiveness Rohit Chopra Student Loan Debt Cancellation

Student loan lawyer Joshua Cohen video explaining the Navient student loan settlement

Public Citizen

  Student Loans

Report Calls Out Federal Student Loan Servicer for ‘Sloppy’ Work

Account Recovery

A report released by the Student Borrower Protection Center and the Communication Workers of America is accusing one of the largest student loan servicers of a number of misdeeds, including unfair debt collection, unlawful wage garnishments, and “sloppy” student loan servicing.

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.

How a Legal Aid Attorney Got Student Loan Forgiveness

Nerd Wallet

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. Loans Student Loans

Student Loan Debt Holding Individuals Back: Report

Account Recovery

Economy Student Loans Economic Data

Should You Rush to Refinance Your Student Loans?

Nerd Wallet

Even with federal student loans in forbearance and talk shifting to prospects for forgiveness, student loan interest rates still matter — and nothing underlines that point better than the likelihood they’ll soon increase. Loans Student Loans

Gov’t Extends Student Loan Moratorium, Wipes Out All Existing Defaults, Delinquencies

Account Recovery

Student Loans Miguel Cardona Student Loan Debt Collection

The Latest on Student Loan Debt Cancellation, Moratorium Expected to be Extended Again

Account Recovery

Student Loans

Bills Introduced to Make Forgiving Student Loan Debt Easier, Offer 0% Interest Rates

Account Recovery

A trio of bills have been introduced in the Senate aimed at making student loan debt more easily forgiven and more easily repaid. Sheldon Whitehouse Student Loan Debt Cancellation

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?

PHEAA Agrees to One-Year Extension of Servicing Student Loans

Account Recovery

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

Ed. Dept. Cancels More Student Loan Debts, Announces New Regs Coming

Account Recovery

The Department of Education announced yesterday that it is canceling $415 million in student loan debt under the borrower defense to repayment plan, including the debts of 1,800 former students of DeVry University. Student Loans Student Loan Debt Cancellation

CFPB Seeks Ban Against Operator of Student Loan Debt Relief Scam Reboot

Consumer Finance

Today the Consumer Financial Protection Bureau (CFPB) took action against the owner of a student-loan debt relief company for allegedly withdrawing hundreds of thousands of dollars from student borrowers’ bank accounts, without authorization.

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.

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.

Bill Introduced to Prohibit Student Loan Debt Cancellation While House Committee Chair Calls on President to Cancel $50k for Each Borrower

Account Recovery

Let’s begin first with former presidential candidate … The post Bill Introduced to Prohibit Student Loan Debt Cancellation While House Committee Chair Calls on President to Cancel $50k for Each Borrower appeared first on AccountsRecovery.net.

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

The 7 Best Student Loan Refi Companies – as of May 2022

Better Credit Blog

million people carry some form of student loan debt, with most averaging around $39,000 —although many of us have a lot more. Refinancing your student loans could help lower your monthly payments and reduce your overall repayment amount. Ad Pay Less on Student Loans.