We learned recently that two federal loan servicers, FedLoan Servicing and Granite State Management & Resources, would not renew their contracts with the Department of Education (ED). FedLoan Servicing has been the administrator of the Public Service Loan Forgiveness (PSLF) … Read more »
Scam artists of every ilk take advantage of the most vulnerable populations for financial gain and at this time in our history, student loan borrowers are particularly at risk. Student loan scammers have been around for ages, but with millions … Read more »
For more than a year, federal student loan payments have been ‘paused’ along with interest accrual and collection activity in response to the economic fallout from the COVID-19 pandemic. Unless new legislation is introduced, on October 1st of this … Read more »
Although it was created more than 10 years ago as part of the College Cost Reduction and Access Act of 2007, the Public Service Loan Forgiveness program is still a mystery to many college administrators. So, it is no … Read more »
Next month, colleges will receive draft Cohort Default Rates (CDR) for FY2016 and will have the opportunity to challenge the data if there are inaccuracies. First let’s dive into what the CDR represents. The Department of Education calculates the … Read more »
On December 20th, the Department of Education announced sweeping changes to the student loan discharge process known officially as “Borrower Defense to Repayment”. Here is a summary for college financial aid offices.
Department of Education Reforms Student Loan… Read more »
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