#loan-servicers

[ follow ]
#department-of-education #student-loans #oversight #income-based-repayment #student-loan-forgiveness
Higher education
fromBusiness Insider
3 months ago

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.
fromFast Company
7 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
[ Load more ]