Globe University, Minnesota School of Business denied access to federal student loans
Effective December 31, 2016, the Minnesota School of Business and Globe University are dropped from the federal student loan forgiveness program. The for-profit schools are denied access to the federal student loan funds as they were “judicially determined to have committed fraud involving Title IV program funds,” and “knowingly misrepresented the nature of their criminal […]
How Does President Donald Trump may Affect Your Student Loans?
Since Trump was elected president of the United States, a lot of Americans having student loans have been holding their breath wondering how his decisions will affect their bank accounts. He’s promised lower taxes, more jobs, and fewer regulations, which if they hold true, will be hugely beneficial for many. One area people are hoping […]
Student Loans Dents Dreams of Startups
Cathrine Berendsohn, 29, has struggled to get her web design business off the ground after she graduated from Florida State University with $40,000 in student loans. Berendsohn had dreams of opening a storefront in Monterey, California where she could start a roving studio of her own. However, her student loans are the reason she was […]
Increasing Numbers of People Over 60 Struggling to Pay Off Student Loans
The number of people who are 60 years and older that are still struggling to pay off their student loans has quadrupled in the past decade. Currently, older Americans now represent the fastest-growing segment of the U.S. student loan market, according to a new report by the Consumer Financial Protection Bureau. In 2015 there were […]
Navient Is Being Sued For Failing Borrowers at Every Stage of Student Loan Repayment
Navient is the largest student loan servicer, formerly known as Sallie Mae, and they are now facing a lawsuit that alleges the company misleads borrowers to the tune of $4 billion. Customers of Navient were allegedly hit with unnecessary interest payments, denied options to reduce their debt, and suffered damage to their credit scores, according […]
What to Do If Your Student Loan Repayment Period Is Beginning?
Many students graduate in May/June of each year and are given six months to begin student loan repayment on their student loans. This is known as the “grace period.” When it ends, thousands of students are left scrambling trying to figure out what to do. If you’re anything like most college graduates, you’ve spent the […]
Feds Give 800 For-Profit Colleges Failing Grades
All across America, hundreds of programs at for-profit colleges are at risk of losing federal funding unless their graduates begin earning higher wages. The Department of Education issued its first round of data measuring the success of 8,700 career program graduates and their ability to repay their student loans. This stems from the Obama Administration’s new “gainful […]
President Donald Trump Student Loan Forgiveness
Since the inauguration, one question is on a lot of borrower’s minds, what is Donald Trump Student Loan Forgiveness? Since President Trump is walking into an administration with $1.3 trillion in federal student loans, there is no question this is an issue that needs to be addressed sooner than later. During the Tuesday confirmation hearing […]
How The Navient Lawsuit Will Affect Your Student Loans?
It seems the government has begun to understand the mess it’s gotten itself into with navient student loans. Recently, we have seen Government intervention with programs aimed at those who went to for-profit colleges including Devry, Corinthian Colleges, and ITT Technical Institute. This has brought a lot of attention to the for-profit-school industry and the […]
Here Are Top 8 Rules Master Student Loans Game Plan
As summer is approaching, it’s a good time to take a look at your finances and check in with your student loans game plan. Ask yourself: Do I understand my student loan options?What is my student loan repayment plan?What have I done to get this squared away? If you don’t have the answers to these […]