Student Loan Borrowers Seeing Long Wait Times and Billing Errors
Student Loan Statements Mailed Out Late October was the first month in three years that federal student loan payments were due. However, millions of student loan borrowers are expected to miss their first payment following delayed mailing of student loan statements....
Gainful Employment Regulations Under Final Review
The U.S. Department of Education’s proposed rules for gainful employment rules and other accountability initiatives are currently awaiting final approval. The OMB’s Office of Information and Regulatory Affairs is expected to approve the request on or before November...
The New SAVE Plan for Student Loan Repayment
The Saving on a Valuable Education (SAVE) Plan replaces the existing Revised Pay As You Earn (REPAYE) Plan. The SAVE plan is an income-driven repayment option. Borrowers earning less than $15 an hour may have loan payments as low as $0 per month. Borrowers...