Results for "Student loan borrowers"

Federal student loan borrowers face several important payment and administrative deadlines in September that require immediate attention to avoid default or loss of benefits.

Student loan borrowers are experiencing a range of repayment glitches following changes to the system, leading to issues like incorrect past-due notices and plummeting credit scores.

Sen. Bernie Sanders is introducing legislation aimed at preventing the garnishment of Social Security benefits for older student-loan borrowers who have defaulted on their loans.

Recent changes to the federal student loan system are creating a steeper "marriage penalty," impacting married couples and requiring borrowers to consider new financial implications.

Some student-loan borrowers erroneously received notices from their servicers indicating their accounts were past due, with correction emails expected to be sent out.

Thousands of student-loan borrowers who were defrauded by their schools are receiving long-awaited debt relief as a result of the Sweet v. McMahon settlement, totaling $23 billion.

A financial group is cautioning student loan borrowers against switching to a new repayment plan, advising them to carefully consider the implications before making a change.

Student-loan borrowers have begun receiving their initial notices to transition to new repayment plans, marking a significant step in the ongoing changes to student loan policies.

Student loan borrowers may qualify for a 1% interest rate discount, with details provided on how to ensure eligibility for the reduction.

Student loan borrowers have an opportunity to reduce their interest rates by 1% through 2028, with details provided on how to achieve this reduction.

An exit rush has begun for student loan borrowers enrolled in the SAVE Plan, but millions of eligible individuals have not yet taken action. This indicates a significant portion of borrowers may still need to navigate their options regarding the student loan program.

Student loan borrowers are advised to consider eight important factors before the upcoming July 1 deadline. These considerations are crucial for managing their loans effectively.

Millions of federal student loan holders will have two new repayment options available starting July 1, providing additional ways to manage their debt.

The U.S. Department of Education has made changes to income-driven repayment plans, impacting the timeline for many student loan borrowers to achieve debt cancellation, a policy shift initiated under the Trump administration.

Student loan borrowers are navigating a complex landscape of confusing rules as President Donald Trump's repayment overhaul takes effect, leading to a 'quiet crisis' for many.

Scammers are exploiting confusion among student loan borrowers due to recent program changes, prompting warnings on how to protect oneself from fraudulent schemes.

More than 643,000 federal student loan borrowers are currently waiting for the Trump administration to either forgive their debt or enroll them in a repayment plan, according to a court filing.

Amid record rates of student loan delinquency and default, some borrowers are making the drastic decision to leave the country and abandon their outstanding loans.

Over 7 million student loan borrowers are currently enrolled in a defunct SAVE forbearance payment plan, raising concerns about the financial implications and available alternatives for their money.

Millions of student loan borrowers face frustration and confusion due to the Trump administration's policies, including the elimination of the Save plan and internal shuffling of loan management responsibilities.

A federal appeals court has issued a ruling concerning the SAVE student loan repayment plan, a decision that is expected to impact millions of student loan borrowers across the country.

Here's what experts recommend student loan borrowers do after a recent victory in court for the Biden administration-era SAVE plan.

Millions of student-loan borrowers are at risk of losing federal benefits like Social Security and tax refunds once President Donald Trump's pause on garnishments lifts, according to a new report.

Borrowers must sign up for automatic payments by September 30 to qualify for a temporary interest rate discount, as federal regulators aim to improve repayment compliance.

The Education Department has introduced changes to the Public Service Loan Forgiveness (PSLF) program, leading to confusion and uncertainty among student loan borrowers regarding payment rules.

Student-loan borrowers are expressing confusion regarding new repayment plans and experiencing billing errors, navigating a host of changes to their loan obligations.

Student-loan borrowers are experiencing payment errors and customer service delays, with a new federal report from the GAO suggesting that better coordination between servicers and the Department of Education could offer a solution.

Hundreds of thousands of student loan borrowers, totaling 450,000, are eligible for $23 billion in debt cancellation under a class-action settlement against the federal government.

The Education Department has begun notifying student loan borrowers that they have a 90-day window to switch to new repayment plans.

Student loan borrowers are reportedly delaying major life milestones such as retirement and having children, and taking on multiple jobs, in preparation for upcoming repayment changes. These individuals are making significant sacrifices to manage their financial obligations.

New details have emerged regarding the timeline for student loan borrowers to transition to updated repayment plans. The information provides clarity on when these changes will take effect.

The Department of Education has significantly increased a key discount for student loan borrowers, quadrupling its value. However, the article notes that borrowers have a limited time to take advantage of this enhanced benefit.

Millions of student loan borrowers on the SAVE plan need to act soon as major changes are set to take effect on July 1. Advocates report widespread glitches and misinformation affecting borrowers.

A Trump official stated that nearly 7 million student loan borrowers are still enrolled in the defunct SAVE payment plan, risking unaffordable payments and potential default.

Millions of student-loan borrowers are at risk of encountering debt collectors previously penalized for 'misleading' behavior, as the Education and Treasury Departments partner with private companies to collect on defaulted loans.

The U.S. Education Department has issued mass warnings to student loan borrowers, urging them to change their repayment plans or face consequences.

The New York Federal Reserve has announced that 2.6 million student loan borrowers defaulted in the first quarter of 2026.

Borrowers with federal student loans are advised on five key actions to take within the next seven weeks, as changes related to Trump administration policies are set to impact their loan terms.

Sen. Jeff Merkley and other lawmakers are advocating for an extension for student-loan borrowers on the SAVE income-driven repayment plan, who need more time to prepare for higher bills after being removed from the program.

The SAVE student loan repayment plan is being permanently eliminated, affecting over 7 million borrowers who are now left scrambling to find alternative solutions.

Millions of student loan borrowers' accounts are slated for transfer to the Treasury Department, prompting a new effort, led by Senator Elizabeth Warren, to request information and potentially halt the process.

The Education Department is overhauling student loan repayment, granting borrowers a 90-day window to adjust their plans under the new system.

Parents who took out PLUS student loans for their children are nearing an April 1 deadline to consolidate their loans, a crucial step to retain eligibility for affordable monthly payment plans.

A record number of over 9 million student loan borrowers are currently in default, with the Education Department's total student loan portfolio now standing at nearly $1.7 trillion.

Thousands of former federal student loan borrowers may receive checks up to $2,000 after a lawsuit against Navient.

Student loan borrowers who were steered into a forbearance by Navient may soon get a check, due to a settlement with the Consumer Financial Protection Bureau.

An expert reveals a common mistake student loan borrowers make regarding their taxes, offering crucial advice.

A report from the Education Ministry indicates a 12 percent increase in student loan borrowers in New Zealand during the first three months of the year, with 126,696 people taking out loans.

In an unusual move, Congress has worsened the terms for some existing student loan borrowers, meaning they will now have to pay more and for a longer duration.

Student loan borrowers have expressed confusion over three main aspects of the current repayment process.

Student loan borrowers are being incorrectly informed of default status due to errors by MOHELA and confusion surrounding new repayment plans introduced by the Trump administration, including changes to the SAVE plan.

Approximately 6,000 student-loan borrowers are being instructed to reapply for income-driven repayment plans after a glitch caused them to receive incorrect monthly payment amounts.

Federal student loan borrowers on the new Repayment Assistance Plan (RAP) can lose key benefits if their payments are even one day late, emphasizing the strict on-time payment requirement.

Student loan borrowers may be granted up to 12 months to transfer their loans to different repayment plans, offering flexibility in managing their debt.

A new legal filing is calling for a halt to the transfer of millions of student loan borrowers off a key affordable repayment plan. The action aims to prevent changes that could negatively impact borrowers.

Student loan borrowers enrolled in the SAVE plan may have a 90-day window to switch to alternative repayment plans.

Millions of student loan borrowers enrolled in the SAVE repayment plan will soon receive notices requiring them to transfer to a new repayment plan. Failure to take action could result in them being placed on the most expensive repayment option.

Experts are cautioning student loan borrowers to proceed carefully when taking on new debt or consolidating after July 1, as significant new rules are set to take effect.

New data from the Federal Reserve indicates that student loan borrowers aged 50 and older are at the highest risk of defaulting on their loans.

According to a new report from the New York Fed, 2.6 million student loan borrowers fell into default in early 2026, with these defaults now appearing on consumers' credit reports for the first time since the Covid pandemic.

Certain student loan borrowers are at risk of being locked out of a crucial repayment plan if they do not take prompt action.

Approximately 643,000 student loan borrowers are experiencing significant backlogs as application volumes surge and repayment plans undergo changes. This situation is causing delays and frustration for many individuals seeking assistance.

Student loan borrowers are experiencing panic and confusion after being removed from an affordable repayment plan, raising concerns about their ability to afford higher payments.

Over 7 million student loan borrowers are facing a deadline to leave the Biden-era Saving on a Valuable Education (SAVE) plan later this year, according to Trump officials.

The Education Department has instructed student loan borrowers enrolled in the SAVE plan to begin preparing for the resumption of their repayment obligations.

Millions of student-loan borrowers transitioning from Biden's key repayment plan are encountering additional hurdles, attributed to a federal watchdog report indicating diminished oversight over federal student-loan servicers.

Data from the Education Department reveals a record 7.7 million borrowers have defaulted on $181 billion in federal student loans by the end of last year.

A federal appeals court ordered the end to the SAVE plan, the Biden-administration era program used by millions of student loan borrowers.

Some student loan borrowers could soon be eligible to receive thousands of dollars in refunds.