The #1 Thing to Do Right Now to Prepare for Student Loan Repayment
Nearly 45 million Americans—about 1 out of every 5 adults—are carrying some form of student loan debt. At the start of the COVID-19 pandemic, the CARES Act aimed to help those in debt by suspending payments, stopping collections, and waiving interest on all federal...
Federal Student Loan Payments, Collections, and Interest Now on Hold until Dec. 31 2020
On August 8th, President Trump released an executive memorandum extending the student loan payment relief outlined in the CARES Act until Dec 31, 2020. Last week, U.S. Secretary of Education Betsy Devos directed Federal Student Aid (FSA) to implement the president’s...
Are you in the right student loan repayment plan?
Millions of Americans are unemployed right now. Federal direct student loans are in a temporary forbearance due to the CARES Act, but that will end in September. Now is the time to review your current financial situation and determine whether or not you’re in the...
Nelnet and Great Lakes will no longer service federal student loans!
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...