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GAO Releases Data on Return to Student Loan Repayments

Diverse: Issues in Higher Education

Nearly a third of borrowers whose federal student loans entered repayment in October 2023, following the COVID-19 pandemic extended pause, are past due on the payments, according to a newly released report from the U.S. The above pie chart shows the number of federal student loan borrowers in repayment by status, as of Jan.

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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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Hurricane Relief: Student Loan Help After a Natural Disaster

Student Loan Planner

When your home gets damaged or destroyed, or you’re without running water or electricity, the last thing on your mind is student… The post Hurricane Relief: Student Loan Help After a Natural Disaster appeared first on Student Loan Planner.

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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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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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Modernizing Federal Student Loan Servicing

Ed.gov Homeroom

Department of Education This spring, Federal Student Aid (FSA) will begin improving how individual borrowers manage and repay their federal student loans.