$43M in Loans Forgiven for Students of Closed Colleges September 6, 2019 9:18 AM by Susan Dutca-Lovell The federal government discharged more than $43 million in student loan debt for former students of recently closed for-profit colleges. Students who attended programs operated by Education
Education Department Beats out Debt Collectors in Student Loan Collection Battle August 6, 2019 11:49 AM by Susan Dutca-Lovell A U.S. Federal Judge paved way for the Education Department to halt usage of private debt collectors and overhaul the existing federal student loan program by consolidating loan servicing and default
Department of Education Seeking Single Loan Servicer May 23, 2017 10:23 AM by Susan Dutca-Lovell The U.S. Department of Education will offer a contract to a single loan servicer to manage its $1.2 trillion student loan portfolio, which contains over 43 million borrowers. Instead of keeping its
Obama Modern Day Robin Hood? Steal from the Hardworking, Give to the Poor July 10, 2015 by Scholarships.com Staff Under the Obama administration, the motto “work hard, play harder” is continually being redefined to “work hard, pay harder”. According to The Wall Street Journal, a new plan is being finalized that
Seven Tips for Repaying Your Student Loans May 22, 2015 by Suada Kolovic If you're a recent college graduate, chances are you’ll have to start paying off your student loans sooner than you think. And even with the economy in a slump, don’t expect a free pass on not paying
Attention Students: 4 Warning Signs You’re Headed for Student Loan Default September 3, 2014 by Suada Kolovic With September officially upon us, millions of students across the country are heading back to college. With all the fun and excitement that goes into the fall semester, however, some may not have
Understanding Obama’s New Student Loan Plan August 15, 2014 by Suada Kolovic With the final month of summer rapidly slipping away, now is the time to buckle down and finalize how you're going to fund your college education. Whether that entails a full-ride scholarship (way to
Pay It Forward Plan Draws Serious Criticism July 21, 2014 by Suada Kolovic When it comes to paying for a college education, it seems as though students have two options: deal with impossibly high payments while they're in school or crippling debt for years afterwards. Well,
Asking Your Student Loan Servicer the Right Questions June 23, 2014 by Suada Kolovic If you're a recent high school graduate, chances are you're looking forward to the independence that comes with becoming a college freshman. And while anticipating all the excitement that comes with
Obama's Student Loan Plan: What's in it for you? June 10, 2014 by Suada Kolovic The financial aid process can be a daunting one but if you're planning on attending college any time soon, you should know that there are tons of federal student aid options available. From Pell