Below you'll find a list of all posts that have been categorized as “News”
The Department of Education has officially released the application for Public Service Loan Forgiveness. October of 2017 marks ten years since the program was created and the borrowers who immediately enrolled will be eligible to apply. If you are at or near your ten years of public service, the application …
If you live in the area affected by Hurricane Harvey, hopefully you are safe and sound as you read this article. Managing student loans is obviously much lower on the list of priorities than basics such as food and shelter. Unfortunately, regardless of what is happening in your life student …
One of the latest student loan related schemes involves borrowers getting a text message that appears to be from their lender or about their student loan. One such text reads, “Your Student Loans have been Flagged for Forgiveness through the D.O.E. Call right away.” The number associated is not a …
Earlier this year the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Navient for “systematically and illegally failing borrowers at every stage of repayment.” The CFPB alleged that Navient was guilty of the following: Enrolled borrowers in a forbearance instead of signing them up for income-driven repayment plans because …
Yesterday the Trump Administration canceled plans to have all federal student loan servicing done by a single company. Education Secretary Betsy DeVos announced that the Department of Education will create a single platform for all student loan servicers to use. The single platform for multiple servicers to use was originally …
A new report suggests that rather than bursting, the student loan bubble is being released with a slow his. The theory is that unlike the mortgage crisis, where there was a sudden burst, the student loan market is slowly correcting itself. The article, published by the Atlantic, cites three main …
Earlier this year, Logan Ryan inked a contract that would pay him $30 million over three years. Such is the life of a talented cornerback in the NFL. This week Ryan was again in the news: he wrote a giant check to pay off his brother’s $82,000 student loan balance. …
Public Service Student Loan Forgiveness is the centerpiece of many borrowers student loan repayment strategy. Using this plan, borrowers work for the government or a not-for-profit agency, and after 10 years of making student loan payments, the debt is forgiven… at least that is the plan. Unfortunately, many borrowers who …
For years Darien Rowayton Bank as been a leading lender in the world of student loan refinancing and consolidation. Today they unveiled a rebranding effort, advertising their student loan services under the name of “Laurel Road”. [Further Reading: Student Loan Sherpa Reviews Laurel Road] Why the Change? Darien Rowayton Bank …
The Department of Education’s focus on improving federal student loan servicing is much-needed. The current system has been the source of many lawsuits brought by both the government and by borrowers. The Trump Administration’s solution to this issue is to have one student loan servicer handle the $1.3 trillion in …
