borrowers
The deadline for student-loan borrowers to receive a lower interest rate is fast approaching.Borrowers who enroll in autopay by the end of the day on September 30 will receive a temporary 1-percentage-point reduction on their student-loan interest payments, starting immediately.The benefit, which took effect July 1 for borrowers already enrolled…
On August 1, Daniela Perez received three separate emails from her student-loan servicer, MOHELA. The first read “Your payment is due soon.” Then “Account is over 210 days delinquent.” Finally: “Loan default is approaching.”She immediately logged in to her account, which said she had missed 15 payments and had a…
Some student-loan borrowers are losing credits toward a key loan forgiveness program.The Department of Education confirmed that it is adjusting its count of completed payments downwards for some borrowers pursuing Public Service Loan Forgiveness, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments.This means…
Jessica Salmi waited nearly an hour on hold before her call was disconnected. Jason Marques’ servicer can’t say if his next student-loan payment will be $100 or $633. Robin Binkley is struggling to find out which repayment plan she qualifies for.As millions of borrowers navigate President Donald Trump’s sweeping student-loan…
After raising her kids, KeliAnne Piscopo wanted a stable career and a steady income. She thought going to school in her 40s was the solution.So in 2014, she took out nearly $54,000 in student loans from the online school Post University to get her bachelor’s degree in human services. After…
