National News

24
May
Department of Education Moving to Single Loans Servicers for Federal Loans

The Department of Education, under President Trump’s pick Betsey DeVos announced last week that it will turn over student loan servicing to just one company. The move on part of the government is an effort to streamline a process that got confusing and unwieldy under the former administration.In a press release Friday (May 19), Education […]

Posted in: National News, Student Loan News,
19
May
Tennessee’s Success with Free Tuition Prompts Other States to Follow Suit

Taking a page from the state of Tennessee, a growing number of states are beginning to or are gearing up to offer free higher education at local community colleges after seeing Tennessee’s success with its own tuition-free community college system.In April, New York state became the first in the country to announce plans to provide […]

Posted in: National News, Student Loan News,
18
May
IRS May Have Data Retrieval Tool Back Online for IDR Applicants by June

The Internal Revenue Service Building located in Washington DC.More than two months after the Internal Revenue Service took its Data Retrieval Tool (DRT) offline, making life a bit more difficult for student borrowers and FAFSA applicants, the missing tool should be coming back online by the end of May or early June. Or at least […]

Posted in: National News, Student Loan News,
17
May
Nicki Minaj Follows Through on More Than $18K in Student Debt; Pledges to Launch Charity

Rap star Nicki Minaj has stepped up her efforts to help student loan debtors get out of their crushing debt by announcing that she is creating a charity for student loans and tuition payments.Last week Minaj, who has long been an advocate for staying in school and getting good grades, offered to pay off the […]

Posted in: National News, Student Loan News,
15
May
Federal Student Loans Set to Get Pricier Come July

As if the cost of a college education isn’t expensive enough, university-bound students face an uptick in the interest rates on their student loans for the coming academic year of 2017-2018.That’s because in July the interest rates on newly issued federal loans for the 2017-2018 school year are going to increase. According to a report […]

Posted in: National News, Student Loan News,
08
May
Race, Gender & Paying for College: Who Bears the Burden of Student Debt?

Your college years may be the best ones of your life, but they can also be the most expensive.Many of today’s students are financing their education with loans, and are graduating with more debt than ever. In fact, the total student debt in the U.S. is estimated at $1.4 trillion, more than what Americans owe on credit […]

Posted in: National News, Student Loan News,
08
May
Nicki Minaj Latest Rap Star to Help With the Student Debt Problem

Nicki Minaj, the rapper and advocate for education, is giving back to struggling college students taking to Twitter over the weekend to help fans get out from under some of their student loans and other debt.How did this happen? A fan tweeted Minaj about paying his student loans. Minaj responded, "Show me straight A's that […]

Posted in: National News, Student Loan News,
05
May
Student Debt Causing College Students to Favor Pot Over Alcohol?

Thanks to student loan debt, student borrowers and graduates are putting off buying homes, starting families, and saving for retirement. Interestingly enough, increased marijuana usage can be added to that list.That’s according to Wall Street investment firm Cowen Group who came out with a research report on April 20th, also known as national weed day. […]

Posted in: National News, Student Loan News,
01
May
Lawmakers Seek to End Social Security Garnishment Among Student Debtors

Elizabeth Warren filming a video with the CFPB for a project unrelated to this article.Lawmakers from a handful of states including Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont are backing a bill that would prevent the government from garnishing Social Security disability and retirement benefits from people who failed to pay back their […]

Posted in: National News, Student Loan News,
29
Apr
Some Students are Hiring Hagglers to Negotiate Financial Aid Packages

College acceptance letters are out and decision day is looming which is prompting some students to hire professional hagglers to negotiate their financial aid packages.Most families sending a child off to college for the first time don’t realize that paying the sticker price for college isn’t a foregone conclusion. With that in mind, there is […]

Posted in: National News, Student Loan News,