studentloan
The clock is ticking for some student-loan borrowers to find a new repayment plan.September 29 is the first deadline for certain borrowers to transition off the SAVE plan, a Biden-era income-driven plan that gave borrowers cheaper monthly payments and a shorter timeline to debt relief.If borrowers do not select a…
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…
The Trump administration is once again trying to limit eligibility for a major student-loan forgiveness program.On Thursday, the Department of Education appealed a June ruling that blocked its plan to narrow the Public Service Loan Forgiveness program from taking effect.PSLF forgives student debt for government and nonprofit workers after 10…
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…
Luke Helton realized too late that he rushed into law school.After taking out $80,000 in student loans for undergrad at the University of Tennessee, he thought going straight for his J.D. would propel him into a stable career. So he borrowed more to make that happen.Personal life challenges derailed his…
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…
