Editor’s Picks

10
Jan
New Bill Proposes Loan Forgiveness in Exchange for Postponing Social Security

Pictured above is the Capitol Building in Washington, D.C.According to a Congressman’s press release, there is a new bill before Congress that is aimed at helping borrowers repay their student loan debt. This time, the bill offers a new twist on the subject. Known as the Student Security Act of 2017, it offers borrowers loan […]

Posted in: Editor's Picks, Student Loan News,
02
Dec
House Republicans Propose Big Changes to Higher Education

The Capitol building that houses Congress can be seen above.The Republican-led Congress plans to propose a bill (HR 2523) to reauthorize the Higher Education Act, which was last authorized by Congress in 2008.Named the Promoting Real Opportunity, Success, and Prosperity through Education Reform (PROSPER) Act. the bill would implement sweeping changes in higher education.Th

Posted in: Editor's Picks, Student Loan News,
17
Nov
Default & Debt Collections Spur Controversy in Private Student Loan Securitization Industry

National Collegiate Student Loan Trusts (NCSLT), the largest owner of private student loan debt, has made its way into the news, and this time, it is not great for the investment vehicle group. However, this recent development could be some much-needed good news for struggling private student loan borrowers who took out loans before the […]

Posted in: Editor's Picks, Student Loan News,
08
Nov
Betsy DeVos Comes Under Fire Once Again

Pictured above is Sec. Betsy DeVos walking out to speak the CPAC 2017 in Maryland.The Secretary of the Department of Education, Betsy DeVos, recently suggested that the government helped cover the costs of the Affordable Healthcare Act, popularly known as Obamacare, by subsidizing the student loan market in a Politico interview.The comment came after a […]

Posted in: Editor's Picks, Student Loan News,
12
Mar
Navient Launches Digital Focused Lab to Improve the Student Loan System

Navient, the largest student loan servicing company, is aiming to improve customer experience with the launch of Navient Labs, which will test digital ideas and technology based on the feedback from surveys of student loan borrowers, focus groups, and usability testing.In Wednesday’s press release announcing the new initiative, Navient said the ideas that come out [&hell

Posted in: Editor's Picks, Student Loan News,
03
Mar
Maryland’s Congressmen Have Varying Support for College Affordability Legislation

Representative Andy Harris of Maryland speaking at the 2013 Conservative Political Action Conference.The state of Maryland may be dominated by Democrats, but that doesn’t mean they always get along. The Democratic party is no stranger to disagreements, and those differing views reveal themselves in how Democrats approach student loan debt. That’s not to say that [&hell

Posted in: Editor's Picks, Regional News, Student Loan News,
11
Feb
SoFi’s Deal with Promontory Interfinancial Network May Open Up Market for Student Loan Refinancing

Online powerhouse lender SoFi has inked a deal with Promontory Interfinancial Network LLC that will make it easier for regional and community banks to buy SoFi’s student loans.The deal aims to ease the long and tedious due-diligence burden required to purchase loans. Instead of the banks, Promontory Financial Group, which is part of IBM, will […]

Posted in: Editor's Picks, Student Loan News,
08
Feb
Congressman Calls for College Endowment Gains to Go Towards Lowering the Attendance Costs

Rep. Tom Reed talks at the Brookings Institution about public-private partnerships for infrastructure. At a time when the cost of a college education is skyrocketing, a slew of private non-profit colleges are raking in the cash thanks to huge endowments and smart investments. But one lawmaker doesn't want these schools to continue getting richer; he called […]

Posted in: Editor's Picks, National News, Student Loan News,
27
Jan
Data Determines Which Colleges Give Students the Least Debt in the United States

Dartmouth College, shown above, is one of the schools where borrowers are leaving with record amounts of debt.The Trump Administration may be playing fast and loose when it comes to facts, but data reigns supreme for the countless families deciding on what college to attend. After all, you wouldn’t know how much a school costs or […]

Posted in: Editor's Picks, National News, Student Loan News,
25
Jan
Texas Senator Calls for Freeze on State Tuition Fees Until 2022

Students and families from Texas may soon receive some relief from the ever rising costs of a college education. Senator Kel Seliger, a Republican from Amarillo and the chair of the Senate Higher Education Committee, proposed several bills last week aimed at reducing the cost of a four-year degree.Under the three bills, tuition and fee […]

Posted in: Editor's Picks, Regional News, Student Loan News,