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The New SAVE Plan for Student Loan Repayment

The New SAVE Plan for Student Loan Repayment

Jul 10, 2023 | News, News Inserts, Student Loan Repayment Assistance

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...
SCOTUS Decision on Student Debt Relief

SCOTUS Decision on Student Debt Relief

Jun 30, 2023 | News, News Inserts, Student Loan Repayment Assistance

SCOTUS Blocks Biden’s One-Time Student Loan Cancellation Program The U.S. Supreme Court has rejected the Biden administration’s proposal to cancel student loan debt. The court ruled today on two cases: Biden v. Nebraska and The Department of Education v. Brown. In a...
Student Loan Repayment Will Resume in September

Student Loan Repayment Will Resume in September

Jun 2, 2023 | News, News Inserts, Student Loan Repayment Assistance

The Senate passed legislation late Thursday to raise the debt ceiling, avoiding a government shutdown. A provision in the bill officially terminates the student loan repayment suspension period. Student loan repayment will resume sixty (60) days after June 30, 2023....
Three Ways to Improve College Retention Rates

Three Ways to Improve College Retention Rates

Apr 17, 2023 | Enrollment Services, News, News Inserts, Schools, Student Loan Repayment Assistance

64 percent of all students who entered a four-year Bachelor’s degree program in 2014 graduated in six years. (Source: nces.ed.gov and educationdata.org). While that’s an improvement from twenty years ago, it’s not a good sign we measure the success...
Cohort Default Rate Problems

Cohort Default Rate Problems

Apr 10, 2023 | Default Management, News, News Inserts, Schools, Student Loan Repayment Assistance

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...
Student Loan Servicer Layoffs

Student Loan Servicer Layoffs

Mar 31, 2023 | Default Management, Schools, Student Loan Repayment Assistance

Nelnet Announces Plans to Lay Off Over 500 Workers For the second time in the past year, one of the largest student loan servicers in the country is reducing staff. Last week, Nelnet announced layoffs of approximately 550 associates due to a...
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