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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Account Recovery

OCTOBER 17, 2022

While the federal government still works out all the kinks related to its plan to forgive student loan debt for individuals, the rest of the country is already moving on to the next type of debt they want to see forgiven — medical debt.

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Account Recovery

MAY 31, 2022

There are more than 7 million individuals who have defaulted on their federal student loans, and the current moratorium on making student loan payments is those individuals’ best shots at getting back in good standing, especially with published reports indicating that another extension of the moratorium is likely and that the federal government (..)

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Account Recovery

APRIL 6, 2022

The White House is expected to announce as soon as today that it will once again extend the moratorium on student loan payments, this time pushing the deadline out another four months to August 31.

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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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Account Recovery

AUGUST 17, 2021

A pair of national consumer advocacy groups are calling on the federal government to cancel student loan debts “across-the-board” as a means of helping individuals improve their financial futures, after analyzing more than 400,000 loans being serviced by Navient.

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Account Recovery

JUNE 22, 2022

Bill Introduced to Prohibit Student Loan Cancellations; Court Certifies Class in ADA Suit Over Site’s Inaccessibility appeared first on AccountsRecovery.net.

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Account Recovery

APRIL 15, 2024

The federal government announced on Friday that it had approved an additional $7.4 billion in student loan debt relief for nearly 300,000 borrowers, many of whom were signed up for the administration’s new income-driven repayment program.

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Account Recovery

JUNE 15, 2021

Richard Cordray, the former Director of the Consumer Financial Protection Bureau who is now running the federal government’s student loan program, sat down for an interview with the Washington Post that was published a few days ago.

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Account Recovery

AUGUST 7, 2023

A lawsuit was filed on Friday by the New Civil Liberties Alliance against the federal government, seeking to block a plan that would forgive $39 billion of student loan debt, claiming the violates the Appropriations Clause of the Constitution because only Congress has the authority to cancel debts owed to the Treasury Department.

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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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Account Recovery

JULY 8, 2024

The Federal Trade Commission has taken action against a student loan debt relief scheme that is accused of fraudulently extracting more than $20.3 million from consumers.

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Account Recovery

JULY 3, 2023

The Supreme Court — in a 6-to-3 vote — on Friday struck down a plan from the Biden Administration to cancel as much as $20,000 in student loans for borrowers making under $125,000 a year, saying that the federal government exceeded its authority with the plan, saying that under the government’s interpretation of the Higher […] (..)

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Nerd Wallet

DECEMBER 21, 2020

Chuong, 26, from Seattle, refinanced roughly $55,000 in federal student loans with a private lender in February. A month later, the government suspended most federal loan payments interest-free until September. Chuong’s new loan doesn’t qualify. The article Should You Refinance Part of Your Student Loans?

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Account Recovery

SEPTEMBER 8, 2021

The Consumer Financial Protection Bureau yesterday announced an enforcement action against an income share agreement provider that was accused of misrepresenting its product and failing to comply with federal law governing private student loans.

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Credit Corp

OCTOBER 31, 2021

If you feel burdened under the weight of student loan debt, you’re not alone. In 2019, the average student loan debt total per person was more than $31,000. The good news is that you may be able to get part or all of your student loans forgiven. Reduce Your Student Loan Payments. In This Piece.

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Account Recovery

OCTOBER 20, 2021

Debt collection, student loan debt relief, payday loans, and government impersonators are just a few of the categories highlighted in a Federal Trade Commission report that analyzes the regulator’s effort at addressing fraud and consumer issues that are affecting communities of color, which was released earlier this week.

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Nerd Wallet

OCTOBER 7, 2020

Student loan forgiveness isn’t easy to get even if you qualify for one of several existing federal programs, including: Public Service Loan Forgiveness: Make 10 years’ worth of payments (120 months) while working for the government or a nonprofit to qualify for tax-free forgiveness on the remainder of your debt.

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Credit Corp

MARCH 21, 2023

million Americans have student loan debt, which totals over $1.7 If you owe tens of thousands of dollars in student loan debt, you’re not alone. million Americans have some form of federal or private student loan debt. Table of contents: Average student loan debt How many Americans have student loan debt?

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Credit Corp

AUGUST 25, 2020

As of early 2020, student loan debt in the nation had reached more than $1.5 More than 44 million individuals have student loan debt, and the average person with student loans owes a bit over $32,000—which is more than half of the average household income in the United States. Looking for a Student Loan?

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Nexa Collect

JUNE 27, 2023

Recovering unpaid student loans is a systematic process. Just like mortgage recoveries, the steps can vary depending on the jurisdiction and the terms of the loan. Offset Tax Refunds and Government Benefits : For federal student loans in the U.S., This can affect the borrower’s credit score.

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Fraser

AUGUST 29, 2022

On Wednesday, August 24, President Biden announced that the federal government will extend the current pause on monthly student loan payments, which means that borrowers will not have to resume making payments until at least January. The post President Biden Announces Student Loan Forgiveness first appeared on Fraser Blog.

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Debt

MAY 3, 2021

The rules governing repayment of federal student loans contain so many nooks and crannies that it shouldn’t come as a surprise that you may have missed one created during the COVID-19 Emergency Relief program. 30… The post How to Get a Refund on Your Student Loan Payments During COVID-19 appeared first on Debt.org.

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Nerd Wallet

AUGUST 3, 2020

Federal student loan borrowers haven’t had to make payments since March. But without continued government intervention, those unable to pay can expect long waits for help come October when bills are scheduled to restart. Anna Helhoski is a writer at NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski.

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Better Credit Blog

JUNE 1, 2022

In those cases, student loans can be a valuable resource. If you’re looking for a loan to help fund your education, you have plenty of options. Read on to learn which types of student loan might work best for you. Table of Contents: Federal Student Loans. Private Student Loans.

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Public Citizen

MARCH 24, 2022

Jack Hoover, a 3L at Virginia, has written Standing and Student Loan Cancellation, 108 Va. Here's the abstract: As the public policy debate over broad student loan cancellation continues, many have questioned whether the Executive branch has the legal authority to waive the federal government’s claim to up to $1.6

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Nerd Wallet

SEPTEMBER 22, 2020

Most student loans are federal. MORE: Government student loans: What are the benefits? Check the Federal Student Aid site Studentaid.gov contains information on all federal student loans. It’s the easiest way to determine if your loans are federal and. Email: cclark@nerdwallet.com.

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Credit Corp

AUGUST 4, 2020

Grants, scholarships and government programs can all be used to aid your pursuit of higher education. Student loans, including private and federal loans , are also commonly used to fund college. If you’re ready to find the right loan for you and your unique financial situation, we’ve got you covered.

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Better Credit Blog

MAY 11, 2022

million people carry some form of student loan debt, with most averaging around $39,000 —although many of us have a lot more. Refinancing your student loans could help lower your monthly payments and reduce your overall repayment amount. Additionally, look at our best student loan companies to apply completely online.

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Credit Corp

APRIL 5, 2021

Student loans get a bit of a bad rep in the news related to the amount of debt they cause. But if you’re looking to advance your career with a necessary degree, student loans might offer a way to pay for your education so you can improve your future. So how do student loans work? Subsidized loans.

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Titan Consulting

JUNE 7, 2020

Congress recently passed legislation in the CARES act that provides direct and indirect benefits to Federal Student Loan borrowers. Congress also counts the non-payment period through September as credit toward loan forgiveness credit. Help Available for Borrowers with Student Loans. Key Takeaways.

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Credit Corp

JULY 9, 2024

Ignoring student loans can damage your credit score, lead to wage garnishment, and accrue interest and fees. It may also result in legal action, tax refund offsets, and impact co-signers, making it crucial to address repayment issues promptly with your loan servicer. What Happens If I Don’t Pay My Student Loans?

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True Accord

OCTOBER 22, 2024

The government has also reported that the economy expanded at a solid 3% annual rate Q2, with growth expected to continue at a similar pace in Q3. trillion, auto loans increased by $10 billion to reach $1.63 The unemployment rate lowered to 4.1%, below projections of remaining steady at 4.2%.

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Sawin & Shea

JULY 8, 2020

The kinds of debt that can typically be eliminated are credit card debt, medical bills, utility bills, evictions, repossessions, and personal loans. These include child support, alimony, government fines and fees, drunk driving debts, some taxes, criminal fines and restitution, and any penalties you may owe for a willful or malicious act.

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Sawin & Shea

JULY 13, 2022

The majority of people in Indiana who have thought about declaring bankruptcy likely already know how challenging it is to get student loans erased. Although it is not impossible, debtors normally need to pass the Brunner test, which establishes that repaying the student loans will put them in an unreasonably difficult position.

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Nerd Wallet

OCTOBER 19, 2020

Key takeaways FFEL loans are federally backed loans that were originally funded by private companies. The FFEL Program ended in 2010, and some FFEL loans are now owned by the federal government. Borrowers with FFEL loans may want to consolidate to take advantage of more student loan benefits.

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Public Citizen

APRIL 14, 2021

There's a lot in the article worth reading, but here's a short excerpt: Senator Warren opened the hearing by highlighting how student loan debt exacerbates the racial wealth gap, noting that, “After 20 years, the median Black borrower still owes 95% of the original amount borrowed."  *  * *.

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