Federal Student Aid announced that Direct Loan Interest Rates for student loans disbursed for the 2024-2025 school year will increase from last year. Interest rates are determined annually and set for a 12-month period. Rates are determined by a formula tied to yields...
by Balaji Rajan Let’s face it. The focus on student loan debt is an election play and not a “good for the public” policy. This has been the case since 2008. Of course, student loan debt issues must be resolved. But as Education Analyst Carlo Salerno said, “You must...
In November, the Education Department’s Under-Secretary, James Kvaal, reported that only 60 percent of the 28 million student loan borrowers who needed to make payments had made them. But this was on 22 million and not the entire 28 million borrowers. About 4 million...
By Balaji Rajan, CEO of IonTuition Since 1990, I have collected and serviced student loans. Helping borrowers with student loan repayment was enjoyable while Federal Student Aid (FSA) established a “reasonable and affordable” payments program. There were landmark...
The three-year, COVID-era student loan payment pause officially ended in September. The first payments were due in October. Since then, borrowers have faced long hold times to connect to representatives at their federal student loan servicer, payment processing...
The student loan repayment pause will end this year. Repayment is likely to resume in September or October. The Supreme Court will make its decision on the Biden Administration’s one-time student loan forgiveness program next month. Student loan repayment will...
On July 18, 2024, a Federal Court issued a stay preventing the Department from operating the Saving on a Valuable Education (SAVE) plan. Applications into the SAVE plan through our Presto tool are currently unavailable. Read more in our blog.
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