Due to a postponed deadline for recertifying income, borrowers of student loans under an income-driven repayment plan may be able to maintain lower monthly payments for a little while longer. According to the Department of Education (ED), IDR borrowers will not be required to give their most recent financial data or renew their income till…
Over 8,000 Borrowers to Receive $10.9M: Performance SLC Accused of Charging Illegal Fees Performance SLC’s $9.2M in Fees Under Scrutiny: CFPB Takes Action, Company Ceases Debt-Relief Services According to Business Insider, the CFPB recently said over 8,000 student loan borrowers will get $10.9 million. This is because Performance SLC a company charged illegal fees. The…
A new benefit that may soon be available to student loan debtors who are blessed enough to be given exposure to a 401(k)-style plan but are unable to save in it is: Their company may contribute to their retirement funds if they pay off their school loans. Employees with student loans will be eligible to…
The impending deadline of December 31 looms for a specific group of student loan borrowers those with commercially held federal loans and individuals in delinquent status before the pandemic’s payment hiatus. Student loan borrowers, facing crucial deadlines, must act swiftly to ensure eligibility for vital relief programs For those with commercially held federal loans, consolidating…
$22.5 billion in student debt relief was granted to millions of student loan borrowers after schools and universities defrauded them. Student Debt Relief Granted to 1.3 Million Student Loan Borrowers Defrauded by Schools and Universities $22.5 billion in student debt relief was granted to millions of student loan borrowers who have been defrauded and cheated…
How to manage student loan repayments while saving for holiday travel plans? How Managing Student Loan Repayments Can Affect Loan Borrowers and Their Holiday Travel Plans The resumption of student loan repayments can negatively impact the financial condition of loan borrowers and how they spend their money, including extra expenses for their holiday travel plans…
Student loan borrowers will expect garnishment of Social Security benefits following the student loan payments resumption after a three-year hiatus. Student Loan Borrowers to Expect Garnishment of Social Security Benefits Following Student Loan Payments Resumption Some student loan borrowers would expect garnishment of Social Security benefits after the resumption of student loan payments following a…
Federal Student loan borrowers do not have to worry about late student payments on their credit reports. Here’s why. Federal Student Loan Borrowers Falling behind on loan payments could hurt their credit, but Federal Student Loan Borrowers might have some flexibility there Millions of Federal student loan borrowers were no doubt hoping to avail…
The extended break was intended to provide some financial relief, but it appears that the burden of student loan borrowers continues to hamper their dreams of homeownership. In a recent study, it has been revealed that student loan borrowers, who enjoyed a substantial 3.5-year respite from payments, are encountering significant hurdles in their attempts to…
Here are the reasons why a UC Berkeley student was not disappointed with Biden’s student debt relief plan getting rejected. UC Berkeley Student with Student Loans Claims Biden’s Debt Relief Plan Will Harm Student Loan Borrowers A UC Berkeley student with almost $8,000 in student loans stated that she was not disappointed after learning that…