Student Loan News

13
Sep
College Fees Can Change a Tuition Bill Drastically

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, and board listed, but they also see items like library, mentoring, and technology fees. Sometimes the […]

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

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 Sallie Mae and Ipsos, an independent global market research company, it found that most families believe college is worth the […]

Posted in: National News, Student Loan News,
15
Aug
How Kentucky Garnished $50M for Unpaid Tuition Without a Court Order

In the last 12 years, the Kentucky Department of Revenue has claimed in excess of $50 million from students behind on payments to Kentucky’s public universities. The department has managed to do so by taking money out of the students’ tax refunds and paychecks without a court order. It has also collected a hefty amount in fees […]

Posted in: Regional News, Student Loan News,
02
Aug
College Students Worry About Paying for Course Materials, Survey Shows

The second-biggest financial stressor for college students, right after paying for tuition, is buying the source materials they need for their classes, according to a Morning Consult survey which was done at the request of Cengage. Cengage is a company that offers course materials like study guides, homework sheets, and textbooks to millions of students throughout [&h

Posted in: National News, Student Loan News,
31
Jul
Students Who Need Financial Aid the Most Forgo the FAFSA, Report Finds

Many students are missing out on money for college, a recent study showed. For the Free Application for Federal Student Aid (FAFSA), the June 30 final deadline is past, and many students who are eligible for aid did not complete it, according to the Brooking Institution’s data. The current nationwide FAFSA completion rate is 61 percent […]

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

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 their student loans. Gradifi, a provider of student loan and college savings benefits, will offer access to LendKey’s nationwide […]

Posted in: Industry News, Student Loan News,
11
Jul
‘Paid Off’ Game Show Wants to Pay Off Your Student Loans

For students looking to pay off their student debt, help could be on the way with TruTV’s “Paid Off” show. With an inaugural air date of July 10, the new TV quiz show aims to help college graduate contestants saddled with student loan debt. Slated for 16 episodes, host and actor Michael Torpey hopes to increase […]

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

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 against the company. Becerra alleged the company violated state laws from encouraging borrowers to postpone their payme

Posted in: Industry News, Student Loan News,
03
Jul
The Downside of Student Loan Forgiveness: A Huge Tax Bill

Students looking for student loan debt relief might also find themselves with an unexpected tax bill. These one-time tax bills are a component of the Education Department’s income-driven repayment plans. Created in 2007, one version of the plan enables borrowers to establish monthly federal student loan payments of 10 percent from their discretionary income; over ti

Posted in: National News, Student Loan News,
02
Jul
New Bill Would Help Borrowers in Student Loan Default Keep Their License

Losing your license can be one of many bad things that happen when you default on your student loans. However, many struggling borrowers might be able to stop fearing that loss if a new bill becomes law. Senators Marco Rubio and Elizabeth Warren recently partnered to introduce a bill designed to stop states from suspending residential […]

Posted in: National News, Student Loan News,