Hi Lillian, it can be difficult to know if a company is legitimate or a scam. We put together a guide with red flags to look for if you’re going to pay a company for help. Read this before moving forward with anyone: https://www.thecollegeinvestor.com/16429/is-your-student-loan-...
One thing that we love about Earnest is that they service all of their loans. Many lenders will refinance your debt but then sell the loan to another company. The quality of the new service you get can be a mystery. Earnest keeps repayment in-house. It doesn’t guarantee better service,...
it should come as no surprise that successfully qualifying for it can be challenging. To qualify, the applicant must show that the school, through an act or omission, violated state law directly related to the federal student loan or to the educational services for which the loan was provided....
In May, Navientexcused Sabrina from her private student loanafter she proved her disability left her unable to work. However, the company then transferred the loan to her mother. Rebecca is now 85, with health challenges of her own, including cardiovascular disease and constant pain from a frac...
Sallie Mae has long drawn the ire of student loan borrowers struggling to pay back their debt. But as it turns out, they might have had a real reason to complain. On Wednesday, the federal government and the Washington state Attorney General sued Navient, formerly part of Sallie Mae, for...
On the other hand, if your loan was disbursed by the U.S. Department of Education or a federal student loan servicer such as FedLoan Servicing, Navient, or Nelnet, it is most likely a federal student loan. These loans are funded and regulated by the federal government and offer certain ...
H.R. 137 (Stopping Abusive Student Loan Collection Practices in Bankruptcy Act of 2017)- Would allow an individual whose student loan debt is discharged for undue hardship to recover court costs and attorney’s fees for the discharge proceeding if the student loan company opposing the discharge ...
and you'll find the loan types listed. To see whether your loans are privately held (and therefore need to be consolidated), look for the line that lists who the loans are serviced by. If you see a bank, company or college name there instead of "Dept. of Ed," then the loans are ...
Student Debt USA is a document preparation and tracking company dedicated to alleviating the burden of student debt for every qualified individual. We’re here to increase awareness of student loan forgiveness options and help borrowers make educated repayment decisions. We believe everyone who qualifies...
Currently, there are lifetime loan limits for undergraduate borrowers and certain graduate borrowers, but no limits for PLUS loans for parents or graduates. This has created some borrowers having over $1,000,000 in student loan debt. We agree that lifetime loan limits are a good thing, which...