Industry News

27
Aug
With Higher College Costs, More People Buy Tuition Insurance

As the cost of college continues to increase, tuition insurance is becoming more popular amongst families. If a student drops out of college partway through a semester, they can lose the money they paid for tuition and fees. But in recent years, more people are paying for tuition insurance.Tuition insurance can protect families if their child […]

Posted in: Industry News, Student Loan News,
23
Aug
PenFed & Sallie Mae to Offer College Planning & Payment Options

The Pentagon Federal Credit Union & Sallie Mae entered a partnership that gives PenFed members access to a suite of financing options.The Pentagon Federal Credit Union and Sallie Mae announced a new partnership that will give PenFed members access to in-school financing through a suite of undergraduate and graduate school payment options.The partnership offers an [&hel

Posted in: Industry News, Student Loan News,
20
Aug
Wells Fargo Might Offer Federal Student Loan Refinancing

Wells Fargo & Company is currently weighing the possibility of offering refinancing for federal student loans. Wells Fargo and Company might offer student loan borrowers an option to refinance their government-held student loans. The company already handles private student debt, but adding in government loans would give it access to a $1.4 trillion market, approxi

Posted in: Industry News, Student Loan News,
26
Jul
Will Student Loan Refinancing Be the Next Big Employee Benefit?

Gradifi & LendKey are partnering up to offer a new student loan refinance program to help their employees save money.Student loan repayment has been one of the top new benefits companies have been offering to employees. Now, a new program aims to provide another way for companies to help employees save money – by refinancing […]

Posted in: Industry News, Student Loan News,
10
Jul
Why California’s AG Is Suing Navient and What it Means for Borrowers

California Attorney General Xavier Becerra recently announced his plan to sue student loan servicing company Navient. On June 28, California Attorney General Xavier Becerra announced plans to sue student loan servicing company Navient based on allegations of widespread abuse over debt payment collections. This is the latest in a growing number of state lawsuits agains

Posted in: Industry News, Student Loan News,
25
Jun
Here’s How to Win $50K to Wipe Out Student Loan Debt

Education Loan Refinance recently announced their video contest regarding student loan debt that will award the winner with $50,00.Education Loan Finance recently announced a video contest sponsored by SouthEast Bank that will award the winner $50,000, which would be enough to pay off many borrowers’ student loan debt. The Empower a Brighter Future video contest [&hellip

Posted in: Industry News, Student Loan News,
20
Jun
Discover Offers Employees Help With College Tuition

Discover recently announced its new program, The Discover College Commitment, which will help employees pay for college. Discover employees have just received a new benefit: a free college degree. The financial services company recently announced its new program, The Discover College Commitment, enabling full-time and part-time U.S. employees (minimum 30 hours per wee

Posted in: Industry News, Student Loan News,
12
May
Oracle Acquires Vocado, Aims to Streamline Financial Aid for Borrowers

Vocado, a student loan information platform, was recently acquired by Oracle. According to a recent press release, the cloud software service company Oracle announced the acquisition of Vocado, a software company that focuses on improving the student loan and financial aid process.More specifically, Vocado will join the Oracle Student Cloud - a software suite that foc

Posted in: Industry News, Student Loan News,
08
May
Department of Education Cancels Two Debt Collection Contracts

Last week, the Department of Education filed a claim in federal court saying it would cancel debt collection contracts previously offered to Windham Professionals Inc. and Performant Financial Corp. This decision was announced shortly after it was revealed that Education Secretary Betsy DeVos previously had financial ties to Performant Financial Corp, The Washington Post r

Posted in: Industry News, Student Loan News,
27
Apr
Navient Reports Greater Earnings and Fewer Student Loan Charge-Offs

Navient reported its first quarter earnings this week through its recently expanded segment reporting to reflect the company’s wider business mix.On April 24, Navient stated from its earnings report in the first quarter that it had $500 million of originations in private education refinance loans, a 43 percent fall in private education loan charge-offs and […]

Posted in: Industry News, Student Loan News,