Student Loan Changes Coming in 2017
With President Trump taking office and a Republican-controlled Congress, it’s no surprise there may be several student loan changes in Washington this year that could potentially impact your student loans. Last year brought a great deal of attention and debate to the student loan crisis with 44 million borrowers responsible for $1.3 trillion in debt. […]
Are Student Loans the Next Mortgage Crisis?
Shelia Hair was the head of the Federal Deposit Insurance Corporation from 2006-2011 and she was one of the few officials who warned of the 2008 mortgage crisis. She is now speaking out about student loans and her radical solution. The solution involves funding college by letting students trade away a portion of future earnings […]
DeVos Appoints Head Of Federal Student Aid: Private Student Loan CEO
U.S. Secretary of Education Betsy DeVos has elected Wayne A. Johnson, who is the CEO of a private student loan company, as the new head of the Office of Federal Student Aid. Johnson is the CEO of Reunion Student Loan Services and will now be managing over $1.3 trillion in outstanding student loan debt from about 42 […]
The US Pauses New Rules Predatory For-Profit Colleges
The Trump administration is officially reconsidering and may do away with, two new rules which served as the cornerstone of the Obama administration’s tough crackdown on predatory for-profit colleges. The Department of Education announced on Wednesday its temporary halt to changes that would erase the student loan debt of borrowers who were cheated by fraudulent […]
Federal Student Loans Rates Increase July 1
Just in time for the upcoming academic year, federal student loans rates are set to rise on Saturday, July 1 which will surely affect many students and parents. Although many did not expect this increase, CNBS reports the rates were set in May during the Treasury Department’s last auction of 10-year notes. For Stafford loans, […]
Top Public Service Loan Forgiveness program Guide!
Everybody Dislikes About Student Loan Forgiveness and Why? When you think about student loan forgiveness, odds are the sole program that springs to mind are the Public Service Loan Forgiveness program for federal financial loans. The absolute most important thing to consider about loan forgiveness is there are tons of alternatives. Student loan forgiveness isn’t just for […]
Betsy Devos Education Secretary
With a 51-50 victory, President Trump’s education secretary nomination, Betsy DeVos, has been confirmed. After the tie-breaking vote from Vice President Mike Pence, the overnight protest held by the Democrats, angry constituents, and controversial hearings, she now holds the office. Betsy DeVos education secretary, a philanthropist, and activist from Michigan will take leadership and management […]
Wells Fargo Accused of Denying Young Immigrants Student Loans
A new lawsuit filed on Monday accuses Wells Fargo of illegally denying student loans to young immigrants who are protected from deportation and allowed to work under a program created by former President Obama. In response to the allegations, Wells Fargo stated they were disappointed that the plaintiffs didn’t try to work with the bank […]
What You Don’t Know About Student Debt Forgiveness Could Be Costing to More Than You Think
Student Debt Forgiveness: The Ultimate Convenience! According to the IRS, in the event the debt forgiven exceeds $600, the same must be regarded as a taxable income. Student debt doesn’t need to mess up your upcoming credit. Along with income-based forgiveness programs, you might also eliminate some or all your student debt by producing a […]
Attorney Generals Calling For Automatic Discharges of Student Loans For Permanently Disabled Veterans
With Utah Attorney General Sean Reyes, plus they unveiled their efforts together as the country prepares to honor fallen troops on Memorial Day. “Now we stand with our specialists who put their lives on the line to their own country and are currently disabled due to their support,” said Attorney General Grewal. “All Americans must […]