Jul 6, 2020 | General, News, Student Loan Repayment Assistance
If you have Nelnet or Great Lakes for your federal student loan servicer, you will soon be receiving a new servicer. Nelnet and Great Lakes, which collectively manage federal student loans for approximately 13 million student loan borrowers, will no longer service...
Jun 29, 2020 | Default Management, Student Loan Repayment Assistance
Over 5.2 million student loan borrowers are in default. The CARES Act has several provisions to help struggling borrowers. Defaulted borrowers have a reprieve from wage garnishment and tax offsets until October 1st 2020. What happens October 1st? Wage garnishment and...
Jun 23, 2020 | Employers, Student Loan Repayment Assistance
The CARES Act, signed into law on March 27, 2020, includes a broad range of provisions designed to help Americans whose everyday lives were dramatically altered by the COVID-19 pandemic. Among other measures, the Act provides relief for federal student loan borrowers,...
Jun 9, 2020 | Financial Literacy, News, Schools, Student Loan Repayment Assistance
Warnings have been released by the Federal Trade Commission (FTC) and The Better Business Bureau (BBB) about student loan scams targeting students. COVID-19 Relief Fund Phishing Emails The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed with...
May 11, 2020 | Student Loan Repayment Assistance
Spring is the season for student loan repayment scams. New college graduates are leaving school with an average of $35,000 in student debt. So the thought of “student loan forgiveness” while job hunting in the middle of a recession is going to be...
May 4, 2020 | Student Loan Repayment Assistance
You may have seen some news articles about “record low-interest rates.” While this is true, the Federal Reserve did announce a couple of rate cuts, this doesn’t apply to the rate of federal student loans and there is no federal refinancing option....
