#loan-servicers

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#student-loans #department-of-education #oversight #administrative-forbearance #interest-accrual
#student-loans
fromBusiness Insider
22 hours ago
Higher education

Trump's student-loan shake-up has lawmakers wanting more report cards

The Department of Education has not released student-loan servicer performance data, and servicers redirected requests to the Department's Federal Student Aid office.
fromMoneywise
4 months ago
Higher education

NYC grad thought she was paying down her student loans - until she found out they were in forbearance. How to make sure it doesn't happen to you

Servicer transfers often trigger administrative forbearance, causing interest to accrue and increasing balances unless borrowers proactively check accounts or make payments.
fromMoneywise
4 months ago
Higher education

NYC grad thought she was paying down her student loans - until she found out they were in forbearance. How to make sure it doesn't happen to you

more#student-loans
fromFast Company
4 months ago

Federal student loans are disappearing - but only for borrowers who did this one thing

Some borrowers have been receiving notices in recent weeks that read: "You are now eligible to have some or all of your federal student loan(s) discharged because you have reached the necessary number of payments under your Income-Based Repayment (IBR) Plan." The IBR plan, first introduced in 2007, offers debt cancellation after 20 or 25 years of repayment, depending on the age of the loans. Nearly 2 million borrowers were enrolled in this program as of the second quarter, according to Federal Student Aid figures.
Higher education
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