Student Loan News

13
Sep
College Fees Can Change a Tuition Bill Drastically

Additional college expenses, such as library fees, can often catch parents and students completely surprised when budgeting. When potential students and their parents receive tuition statements and bills as they prepare to head off to college, one thing has changed from a generation or two ago – college fees. Students don’t only see items like tuition, room,

Posted in: National News, Student Loan News,
05
Sep
Some Parents Don’t Tell Kids How Much They’re Expected to Pay for College

A recent study shed light on the fact that many parents do not have an honest discussion with their children regarding paying for college.With the cost of a college education continually going up, many parents across the country are expecting their children to come up with more of the money they’ll need for their higher […]

Posted in: National News, Student Loan News,
30
Aug
Consumer Financial Protection Bureau Official Steps Down

The CFPB's student loan ombudsman Seth Frotman resigned from that position this week. The Consumer Financial Protection Bureau’s student loan ombudsman announced his resignation from his position early this week. In his resignation letter, which was published on NPR.org, Seth Frotman discussed the need for entities such as the CFPB.“For many, the CFPB has served a

Posted in: National News, Student Loan News,
29
Aug
Is College Worth the Price? New Survey Reveals What People Think

According to a recent study by Sallie Mae, most families in the U.S. still believe that college is worth the cost. Most families and students believe a college degree is worth the investment, and most are willing to push themselves financially to make it happen.According to the joint national study, “How America Values College 2018,” by […]

Posted in: National News, Student Loan 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,
24
Aug
IRS Will Allow Student Loan Repayment Benefits to Be Linked to 401ks

The Internal Revenue Service recently decided to allow employers to add student loan repayment benefits to their retirement plans.The Internal Revenue Service has decided employers can add student loan repayment benefits to their retirement plans.The typical college graduate owes tens of thousands of dollars in student loan debt after college, with the average being $27,97

Posted in: National 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,
22
Aug
The Student Loan Delinquency Rate Drops Even as Household Debt Hits High

Pushed by increased mortgage borrowing, household debt continues to grow, yet fewer student loan borrowers are late on payments. U.S. household debt continued growing in the second quarter this year, pushed by increased mortgage borrowing, according to a recent report from the Federal Reserve Bank of New York. Yet as household debt has grown, fewer student […]

Posted in: National News, Student Loan News,
21
Aug
40% of Student Loan Borrowers Could Be in Default in 5 Years

​A new report indicated that more than one million student loan borrowers are going into default annually.Outstanding U.S. education debt has grown larger than $1.5 trillion, and more than 1 million student loan borrowers are going into default annually.Unfortunately, experts say the problem will likely get worse, with 40 percent of student loan borrowers potentially [&h

Posted in: National 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,