As student loan repayment requirements resume this month, some borrowers are experiencing customer service issues with their loan servicers. The resulting chaos has prompted 19 state attorneys general to argue that consumers facing servicer difficulties shouldn't have to repay their debt until the ...
PITTSBURGH (KDKA) -- For three years during the pandemic, students, former students and their families had their federal student loan payments suspended, but that ends Sept. 1 and many borrowers are confused about what happens next. About 1.8 million Pennsylvanians have student loans totaling ...
The high rates of suicidal ideation for student loan borrowers may affect their overall well-being or exacerbate pre-existing mental health issues. If these programs aren’t moving the needle forward in a significant way, what else can improve the mental health and financial stress of student ...
Private student loan repayment plans vary widely so that you may pay regular payments or interest payments in school, or you may not have to start repayment until after graduation. In any case, your payment amount will depend on your term length, interest rate and amount borrowed.Sallie Maenot...
This living topic explores the challenges and controversies surrounding student loans and for-profit colleges. It covers issues such as misleading practices by loan servicers like FedLoan and Navient, the financial struggles of students at for-profit institutions, and the regulatory actions taken by ...
Before discussing student loan basics, repayment plans, or forgiveness programs, it is essential to talk about federal and private loans. The government issuesfederal student loans. Congress and the Department of Education set the rules for federal loans. These loans come with excellent borrower prote...
The article examines student loan-related issues faced by law students. According to U.S. News & World Report, most law school students graduate with large student loan debt. Student loan repayment is considered as one of the factors tht contribute to the professional dissatisfaction of lawyers ...
The student loan repayment pause wasn’t designed to directly address any of these issues. Instead, it was an emergency measure implemented by the Trump administration to stabilize the economy during the early stages of the COVID-19 pandemic, when unemployment spiked to nearly 15 ...
Financial stress caused by debt repayment: Student loans require monthly payments for years, and your loan obligations can keep you from reaching other financial goals. This is especially true when you borrow a large amount of money and/or you have a high income that prevents you from benefiting...
A proposal for revitalizing the cash-strapped Canadian post-secondary education system with shared contributions from governments and students, the latter facilitated by the proposed changes to the loan system, is then offered. The paper should be of interest to those concerned with these issues not...