Go Beyond Student Loan Debt: Time for Real Education Financing Solutions
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...
The Year Student Loan Repayment Never Started
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...
Student Loan Repayment Deserves a Three-Year Grace Period Instead of Six Months
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...
Student Loan Repayment Problems Continue for Borrowers
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...