Jan 17, 2025 | Default Management, News, News Inserts
The return to student loan payments has been rocky, with millions of borrowers now delinquent. Approximately three million student loan borrowers are over three months behind on their payments. According to the National Student Loan Data System (NSLDS), the federally...
Jan 3, 2025 | Default Management, News, News Inserts
Federal student loan payments officially resumed over a year ago, ending over three years of paused payments to provide borrowers relief during and following the COVID-19 pandemic. Beginning this month, the full consequences for late payments will take effect,...
Dec 20, 2024 | Enrollment Services, News, News Inserts
Over 70 colleges closed in the U.S. since 2020. In 2024 alone, nearly 20 nonprofit colleges and universities closed — a stark reminder of higher education’s challenges. Was there any way these institutions could have overcome those challenges? Let’s...
Dec 13, 2024 | Default Management, News, News Inserts, Student Loan Repayment Assistance
Borrowers should expect updates to student loan repayment plans and forgiveness policies when the Trump administration takes over next year. This year has seen much back-and-forth regarding student loan relief efforts, leaving borrowers confused about their options....
Dec 6, 2024 | Enrollment Services, News, News Inserts
Higher education has taken another shift this year, with a significant 5% decrease in the enrollment of 18-year-old college freshmen. This downturn was a surprising contrast to last year’s growth and has raised concerns among college leadership and policymakers....
Nov 18, 2024 | Default Management, News, News Inserts, Student Loan Repayment Assistance
Income-driven repayment (IDR) plans provide federal student loan borrowers with a sustainable way to lower their monthly payments. Among IDR plans, Pay As You Earn (PAYE) and Income-Contingent Repayment (ICR) became popular options to help borrowers reach forgiveness....