Account Recovery

AUGUST 24, 2023

The Department of Education, along with the federal government, yesterday announced it had launched its updated income-driven repayment application tool for individuals with unpaid student loans, a tool that could help reduce the student loan payments for up to 30 million borrowers.

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Student loans Student Loans Education Loans 244

Credit Corp

MARCH 16, 2023

Here, we’ll go over the average American net worth by age, education, household type, and more. As we’ll cover in upcoming sections, education, family structure, race, and more all statistically influence net worth. The post Average American Net Worth by Age Group, Education, and More appeared first on Credit.com.

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Education Student Loans Student loans Credit Card Debt 98

Account Recovery

MARCH 31, 2021

Expands Moratorium on Collection of Defaulted Student Loans appeared first on AccountsRecovery.net.

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Student loans Student Loans Loans Education 214

Account Recovery

JULY 9, 2021

The Pennsylvania Higher Education Assistance Agency, one of the largest student loan servicers in the country, announced yesterday that it will stop servicing federal student loans by the end of this year, citing the increasing complexity and cost of handling loans on behalf of the Department of Education.

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Student loans Student Loans Loans Education 246

Account Recovery

NOVEMBER 15, 2021

Less than five months after it announced it was exiting the student loan servicing business, the Pennsylvania Higher Education Assistance Agency — more commonly known as PHEAA — disclosed on Thursday that it had reached an agreement with the Education Department to extend its contract for one year to allow more time to transition students (..)

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Student loans Student Loans Loans Education 246

Account Recovery

FEBRUARY 17, 2022

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.

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Student loans Student Loans Loans Education 245

Account Recovery

FEBRUARY 16, 2022

The Department of Education has announced it will suspend the seizure of tax refunds, Social Security payments, and other government payments to collect on defaulted student loans through November.

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Student loans Student Loans Loans Education 246

Account Recovery

MAY 15, 2023

The moratorium on student loan payments has cost the federal government $160 billion in lost assets and the federal government should be ordered to force individuals with unpaid student loan debts to start repaying them, according to a nonprofit think-tank that is seeking a preliminary injunction against the Department of Education.

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Student loans Student Loans Loans Education 244

Account Recovery

DECEMBER 6, 2022

Individuals with student loans will be able to avoid facing collection attempts for one year once the moratorium on making student loan payments ends, according to guidance released by the Department of Education’s Federal Student Aid office last week.

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Student loans Student Loans Collections Education 246

Account Recovery

JULY 12, 2021

The Department of Education on Friday announced it was canceling an additional $56 million in student loans for 1,800 individuals who were misled by three different for-profit institutions about their employment and salary prospects and the transferability of credits from the schools to other institutions.

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Loans Student loans Student Loans Education 246

Account Recovery

MARCH 30, 2021

Through this foundation, surviving children of fallen warriors, as well as children of all Medal of Honor recipients, are afforded the opportunity of post-secondary education and other types of financial assistance for their educational endeavors.

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Education 239

Account Recovery

AUGUST 31, 2022

The Department of Education yesterday announced it was discharging $1.5 ” The student loans will be discharged regardless … The post Ed.

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Loans Student loans Student Loans Education 246

Account Recovery

AUGUST 23, 2021

James Steeley, the CEO of the Pennsylvania Higher Education Assistance Agency (PHEAA) testified before the Senate Banking … The post Senators Accuse CEO of Student Loan Servicer of Lying in Congressional Testimony appeared first on AccountsRecovery.net.

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Student loans Student Loans Loans Education 246

Account Recovery

JULY 8, 2021

State regulators, including those that specifically regulate collection agencies, have asked the Department of Education to “cease obstructing or discouraging state regulation” by formally taking steps to prove it is serious about not blocking attempts from state regulators to access records needed to investigate student loan servicers (..)

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Student loans Student Loans Loans Collection Agencies 246

Account Recovery

MARCH 15, 2024

The Department of Education’s Federal Student Aid is planning to release “an entirely new federal student loan servicing environment” in 2024, according to FSA’s chief operating officer, Richard Cordray, who laid out the changes that are coming in a blog post yesterday.

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Student loans Student Loans Loans Education 246

Account Recovery

AUGUST 23, 2023

The Federal Trade Commission on Monday announced it had sued and obtained a temporary restraining order against a number of corporate and individual defendants accused of pretending to be affiliated with the Department of Education so that they could market student loan forgiveness programs that made false promises and collected millions in illegal (..)

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Student loans Student Loans Loans Education 246

Account Recovery

MARCH 9, 2021

We will put you in a relaxed state of mind and educate you … The post Mark Your 2021 Calendar Today! With all that you have been through in 2020, the Covid Pandemic, the election and all the fun that came afterwards, you and your family deserve a break. Come to the Funshine state. appeared first on AccountsRecovery.net.

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Education 246

Account Recovery

DECEMBER 1, 2021

Given all the blood, sweat, and tears that went into bringing Regulation F into this world, I would have expected the Consumer Financial Protection Bureau to do something to commemorate the enactment of the debt collection rule yesterday, but it instead chose a more understated approach, opting to take the opportunity to educate consumers about … (..)

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Account Recovery

NOVEMBER 8, 2021

The Department of Education last week notified the private collection agencies it had been using to help recover payments on defaulted student loan debts that it would no longer be placing accounts with them.

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Collection Agencies Collections Agency Student loans Student Loans 246

Account Recovery

JUNE 24, 2022

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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Student loans Student Loans Loans Education 246

Account Recovery

JULY 22, 2022

PIRG Education Fund. The number of scam robocalls has dropped by nearly 50% in the past year, but the number of scam text messages has increased by a factor of 12 in the same timeframe, according to a report released this week by the U.S.

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Education 245

Account Recovery

JULY 22, 2021

For the second time this month, a company that services federal student loans has announced it will not extend its contract with the Department of Education, choosing instead to focus its resources on its own private student loan product.

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Student loans Student Loans Loans Education 246

Account Recovery

JUNE 17, 2021

The Department of Education announced yesterday that is canceling the student loan debts for 18,000 individuals who were scammed by a defunct for-profit college. The total amount of the loans being forgiven is about $500 million.

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Loans Student loans Student Loans Education 246

Account Recovery

AUGUST 23, 2021

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. The discharges will wipe out $5.8 billion in unpaid loans.

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Student loans Student Loans Loans Education 246

Account Recovery

AUGUST 27, 2021

The Department of Education yesterday exercised its authority to extend the window to discharge student loans for individuals who attended schools that closed to cancel $1.1 billion in unpaid student loans — 43% of which are in default — for former students of ITT Technical Institute.

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Student loans Student Loans Loans Education 246

Account Recovery

OCTOBER 11, 2021

The Department of Education on Friday announced the creation of a new enforcement office that will watch over postsecondary institutions to “vigorously” ensure that rules are being followed and named an individual that should be familiar to many in the accounts receivable management industry to run the office.

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Student loans Student Loans Loans Accounts Receivables Management 245

Account Recovery

NOVEMBER 17, 2020

Through science-based advocacy, research, and public education, Ocean Conservancy promotes healthy and diverse ocean ecosystems and … The post National Debt Holdings Donates to Ocean Conservancy this Holiday Season appeared first on AccountsRecovery.net.

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Education 246

Account Recovery

JULY 7, 2022

Scott Purcell, the chief executive of ACA International, wants you to know that whatever is keeping you awake at night, whatever issues you and your agency are going through, the association’s upcoming convention has educational content that will help you get through it.

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Education 246

Account Recovery

OCTOBER 22, 2021

The Department of Education has approved a request from Navient to transfer its portfolio of 5.6 million of student loans to Maximus, which will take over Navient’s contract with the Department going forward.

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Student loans Student Loans Education Loans 246

Account Recovery

SEPTEMBER 29, 2021

million student loan accounts that it was servicing on behalf of the Department of Education to Maximus, another loan servicing company. Navient yesterday announced it was transferring 5.6

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Student loans Student Loans Loans Education 246

Account Recovery

AUGUST 17, 2022

The Department of Education announced yesterday that it is canceling all the remaining federal student loans for anyone who attended ITT Technical Institute between 2005 and its closure in 2016. This will result in the cancellation of loans for 208,000 individuals who collectively owed $3.9 billion on those outstanding debts.

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Loans Student loans Student Loans Education 246

Account Recovery

MARCH 10, 2022

PIRG Education … The post Report Analyzes Growing Number of Complaints Related to BNPL Products appeared first on AccountsRecovery.net. A copy of the report, published by the U.S.

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Education Collections 245

Account Recovery

OCTOBER 7, 2021

The Department of Education yesterday announced major changes to the Public Service Loan Forgiveness Program that will see 22,000 individuals become immediately eligible for the program and an estimated 550,000 individuals move a lot closer to having their student loans wiped away.

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Student loans Student Loans Education Loans 245

Account Recovery

OCTOBER 19, 2021

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.

Student loans 245

Student loans Student Loans Loans Education 245

Account Recovery

JULY 19, 2021

The annual convention will feature education and business solutions as well as important accounts receivable management (ARM) industry updates. ACA International’s 2021 Annual Convention & Expo is back as a live in-person event July 28-30 at Caesars Palace in Las Vegas.

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Accounts Receivables Management Education 246

Account Recovery

JULY 19, 2021

The Court of Appeals for the Second Circuit has upheld a lower court’s ruling allowing a plaintiff’s private student loans to be discharged as part of his bankruptcy filing, ruling that the provision of the bankruptcy code that prohibits the discharge of “an obligation to repay funds received as an educational benefit” does not apply … (..)

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Student loans Student Loans Loans Bankruptcy 246

Account Recovery

JUNE 2, 2022

The Department of Education yesterday announced it was canceling $5.8 billion of unpaid student loans taken out by individuals who attended Corinthian Colleges, wiping out the debts for more than 560,000 borrowers in what the department called the “largest single loan discharge” in its history.

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Loans Student loans Student Loans Education 246