Student Loan Planner

JANUARY 11, 2024

The return to repayment is not going very well for millions of student loan borrowers. The Covid forbearance (also known as the student loan pause) ended in the fall of 2023. Most federal student loan borrowers had three-and-a-half years of suspended payments and no interest accrual.

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NCLC Student Loan Borrower Assistance

FEBRUARY 20, 2024

To help fix massive past problems in the student loan system that prevented people from getting the credit they should have toward loan forgiveness, the Department of Education is currently working on giving borrowers retroactive credit toward loan forgiveness. Scroll down to “Loan Breakdown.”

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NCLC Student Loan Borrower Assistance

FEBRUARY 12, 2024

A number of student loan borrowers have reached out to NCLC in the last few months regarding issues with Public Service Loan Forgiveness (“PSLF”) and the one-time payment count adjustment. The account adjustment is helping millions of borrowers get closer to loan forgiveness, but the process is still ongoing.

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NCLC Student Loan Borrower Assistance

JANUARY 16, 2024

And What Borrowers Can Do When Their Servicer Fails Them Federal student loan borrowers are entering their fourth month of repayment since the end of the payment pause in September 2023. million federal student loan borrowers during the first month of repayment. The largest fine, $7.2 million borrowers.

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NCLC Student Loan Borrower Assistance

SEPTEMBER 15, 2023

Have problems with your loans? What’s next for student loan cancellation? Where can I find more information on returning to repayment? Your Return to Repayment Checklist After nearly three years, the student loan payment pause officially ended on September 1st. What now for borrowers?

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Student Loan Planner

APRIL 25, 2023

A cardiac problem may be the source of the problem. Similarly, the […] The post The Doctor’s Dilemma: PAYE vs. REPAYE vs. New REPAYE for Student Loan Repayment appeared first on Student Loan Planner.

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NCLC Student Loan Borrower Assistance

MARCH 12, 2024

The deadline for borrowers to update their income to stay in their income-driven repayment (IDR) plans has been extended again for borrowers whose loans were covered by the payment pause. The earliest that borrowers with these loan types will have to update their income and family size for their IDR plan is September 2024.

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CFAA College Financial Aid Advisors

FEBRUARY 5, 2024

While some students who applied for early acceptance are sitting back, comfortable in the knowledge of where they’re going for their college journey, other students may not be. You’re likely to see scholarships and grants you will not have to repay, and student loans that you will have to repay.

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NCLC Student Loan Borrower Assistance

MAY 24, 2023

The Income-Driven Repayment plans set borrowers’ monthly payment amount based on their income and provide them with cancellation of their remaining balance after 20 or 25 years of repayment. Note: “ Consolidation ” is done by taking out a new federal Direct Consolidation Loan and using it to pay off an existing federal student loan.

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NCLC Student Loan Borrower Assistance

JULY 18, 2023

On Friday, July 14th, the Department of Education announced that it was sending notice to 804,000 borrowers who had spent 20 to 25 years in repayment on their federal student loans that their remaining balance would be canceled. What do I need to know if I’m eligible for loan cancellation now through IDR?

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IEFA

APRIL 28, 2023

We’ll also look at why employers will be impressed by those with degrees in these topics and how students can benefit from studying abroad in the U.S. The intersection between business, economics, and technology If you’re an international student considering studying in the U.S., can be challenging even for American students.

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Diverse: Issues in Higher Education

JUNE 27, 2023

About 43 million people are expected to resume or start repayments of their student loans. The National Association of Student Financial Aid Administrators (NASFAA) has issued its final report and a toolkit for financial aid professionals across the nation in anticipation of the resumption of federal student loan repayments.

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Diverse: Issues in Higher Education

JANUARY 20, 2023

Although the news cycle has been dominated by the Biden administration’s student loan forgiveness program and its fate at the U.S. Supreme Court, the Department of Education’s recent revisions to income-driven repayment (IDR) plans may be far more significant in the long run. Many will end up paying less on their loans.”

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Diverse: Issues in Higher Education

NOVEMBER 10, 2023

The Biden-Harris Administration has announced a new framework to better hold student loan servicers accountable and protect borrowers from servicer errors. The loan servicing environment has changed drastically since the Department began working with multiple servicers in 2009,” said Federal Student Aid (FSA) COO Richard Cordray.

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Diverse: Issues in Higher Education

NOVEMBER 10, 2022

The Biden Administration has won praise for its application for student loan forgiveness. The federal government does not keep statistics on how many student borrowers are in jails and prisons , but experts estimate that the number is a s high as 2 5 0,000. These incarcerated borrowers face major difficulties paying their loans.

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EAB

SEPTEMBER 26, 2023

Blogs Your student loan payments are due: 3 strategies to support community college students’ financial wellness When I think back to my time in college, student loans were something that nearly everyone had, but not something any of us fully understood. Financial hardship is the #1 reason students stop out.

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NCLC Student Loan Borrower Assistance

APRIL 12, 2024

This week there have been two big student debt relief announcements from the Biden Administration. Today, President Biden announced that 277,000 more people are having their federal student loan debt canceled. That brings the total number of people who have had federal student debt canceled during this administration to 4.3

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Student Loan Planner

APRIL 14, 2023

Student loan borrowers are contending with a deepening loan servicing crisis that may impact every aspect of the federal student aid system. This includes student loan repayment, student loan forgiveness, and implementation of a wide array of student loan debt relief initiatives enacted by the Biden administration.

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EAB

AUGUST 29, 2023

The two discuss the growth of the non-consumption market, the challenges of recruiting Gen P students—those heavily impacted by the pandemic—as well as unexpected impacts from the recent Supreme Court ruling on ways that colleges engage with prospective students. There's a lot to unpack here, so give these folks a listen and enjoy.

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Diverse: Issues in Higher Education

SEPTEMBER 7, 2023

Undersecretary of education James Kvaal at the Education Writers Association Higher Education Seminar Much of the discussion focused on the Department of Education’s (ED) reactions to what moderator Adolfo Guzman-Lopez of LAist called the “two punches” of Supreme Court decisions on affirmative action and student debt relief.

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College Planners of America

OCTOBER 14, 2022

Federal Direct PLUS Loans, commonly referred to as a Parent PLUS loans, are available to parents of dependent undergraduate students to pay for their child’s college education. There are no fixed annual or aggregate limits for these loans. The interest rate on Parent PLUS loans is currently 7.54%. But about 3.6

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College Planners of America

APRIL 15, 2024

On April 8, President Biden released the details of his new student loan debt forgiveness plan. The loan cancellations will occur automatically without requiring borrowers to submit an application. Borrowers who started repayments many years ago : Many borrowers are still repaying their loans decades after leaving school.

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Diverse: Issues in Higher Education

FEBRUARY 6, 2023

Student debt in the United States is a heavily racialized issue. Minoritized students borrow more money and have a harder time repaying it. More than half of Black students have student debt balances that exceed their net worth, and nearly half owe more money than they initially borrowed four years after their graduation.

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Scholly

APRIL 12, 2022

The student loan debt crisis has been out of control for a long time. So, if you are one of the 42 million Americans who have student loan debt, you’re understandably watching what President Biden is doing to address this issue. . Should you keep making payments on your student loans? .

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Diverse: Issues in Higher Education

JANUARY 17, 2024

Efforts by the Biden administration to pass a rule on student loan forgiveness was a major story from 2023 that will again be front and center in the new year. Smith University — an HBCU (Historically Black Colleges and Universities) in North Carolina — concurs that student debt and loan forgiveness will be big stories.

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