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Chaos and Confusion: The State of Student Loans

Diverse: Issues in Higher Education

It’s been an incredibly challenging and chaotic year in student loan space,” said Persis Yu, deputy executive director and managing counsel at the Student Borrower Protection Center, a nonprofit organization working to eliminate student debt. The debt burden is not distributed equally among students.

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Report Examines Massive Overhaul of Student Loan Servicing System

Diverse: Issues in Higher Education

A new National Consumer Law Center (NCLC) report analyzes a Unified Servicing and Data Solution (USDS) contract, set to go live in the spring, and its potential impact on student loan borrowers’ rights and experiences. Alpha Taylor The U.S.

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Introducing NCLC’s Student Loan Toolkit

NCLC Student Loan Borrower Assistance

Whether you are just starting your student loan journey or have been dealing with student loan debt for decades, you can use NCLC’s newly created Student Loan Toolkit to help you take charge of your student loan situation and move forward. Download the toolkit today!

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Administrative Forbearance for Student Loans

Student Loan Planner

Federal student loan borrowers have access to a new income-driven repayment plan, the SAVE plan. This gives the servicer time to get a borrower’s payment calculated […] The post Administrative Forbearance for Student Loans appeared first on Student Loan Planner.

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Study: Student Loan Presence Linked to Worse Student Health Outcomes and Practices

Diverse: Issues in Higher Education

Having student loans is associated with worse health outcomes and practices, according to a new study published in the Journal of American College Health. universities, looking to see whether there was a relationship between student loan presence and the health of students.

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Student Loan Forgiveness Preview for 2024

Student Loan Planner

This year has been somewhat of a mixed bag for student loan borrowers. On the one hand, President Biden’s signature mass student loan forgiveness plan – which would have erased up to $20,000 in federal student loan debt for millions – was struck down last summer by the Supreme Court.

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Report: Student Loan Debt Burdens Limit Wealth Building and Career Choice for HBCU Graduates

Diverse: Issues in Higher Education

The burden of student loan debt limits future finances of graduates of historically Black colleges and universities (HBCUs). The federal student loan payment pause was great relief for HBCU alumni finances, according to the report.