Cohort Default Rate Problems
A Major Problem for Students and Families In January 2022, the U.S. General Accountability Office wrote about significant problems that Federal Student Aid and Federal Servicers would face when repayment was set to resume in September 2022. GAO highlighted...
Are Federal Loan Servicers Prepared for Repayment Resumption?
by Balaji “Raj” Rajan Does FSA need Federal Loan Servicers? The answer is a resounding YES! Federal loan servicers and Federal Student Aid (FSA) have a codependent relationship, but tracking their performance and connection has always been murky. After 12...
Will Student Loan Defaults and Delinquencies Return?
Student loan borrowers have enjoyed a three-year reprieve from their student loan payments. Hopefully, many student loan borrowers are in a better place than they were before the pandemic began. Student loan repayment will resume later this summer. Even if the Biden...
SECURE 2.0 Employer Contributions Help Student Loan Borrowers Save for Retirement
Student Loan Debt Will Continue to be High Even if Forgiveness Happens The national student loan debt balance is at $1.75 trillion. Even if $400 billion is forgiven, student debt will continue to be one of the largest forms of household debt. The Biden...