Student Loan News

23
Feb
South Carolina School District Wants to Help Pay Down Teacher’s Student Debt

The Horry County Schools school district in South Carolina is trying to recruit and retain teachers by paying a portion of teachers’ student loan debt if they agree to stay in the district for five years.According to a report in Myrtle Beach Online, the idea, which was discussed at Monday’s human resources committee meeting, is […]

Posted in: Regional News, Student Loan News,
23
Feb
Minnesota’s Teachers Call for Loan Forgiveness to Help Student Borrowers

Minnesota’s minority teachers called on lawmakers earlier this week to come up with ways to increase the number of teachers with color in the state.According to a report in MPRnews, Education Minnesota, the teacher’s union in the state, and other advocacy groups want lawmakers to put legislation in the books that increases student loan forgiveness […]

Posted in: Regional News, Student Loan News,
22
Feb
Maine Launches Program to Help Students Pay Off Loans While Boosting its Own Economy

Students who promise to stay in Maine for at least five years to work in the fields of science, technology, engineering, or math (STEM) may receive help with student loan repayment through a new statewide program announced by the Harold Alfond Foundation yesterday.Under the new three-year, $5.5 million Alfond Leaders program, 150 Maine employees in […]

Posted in: Regional News, Student Loan News,
22
Feb
New Mortgage Product Lets You Pay Off Your Student Debt Too

BurkeyLoan, the Miami-based mortgage lender, announced a new mortgage product that enables a borrower to purchase a home and at the same time pay off their student loans.The mortgage product comes with a loan-to-value ratio of 120% which means consumers can borrower 20% more than the value of the house being purchased. That extra 20% […]

Posted in: Industry News, Student Loan News,
22
Feb
Sallie Mae and Dee-1 Pay Off Student Loans for Five Lucky Borrowers

Pictured above is Dee-1 performing at an unrelated event.Sallie Mae, the private student loan lender, and Dee-1, the teacher turned rap star, announced the five winners of the Pays to Repay contest. The contest awarded borrowers who described how paying their student loans had a positive impact on their futures. Sallie Mae paid off the student loans […]

Posted in: Industry News, Student Loan News,
21
Feb
For-Profit College Stocks Get a Trump, DeVos Lift

U.S. Secretary of Education Betsy DeVos at the Conservative Political Action Conference.Publicly traded for-profit schools including DeVry Education, Strayer, and Grand Canyon Education, have seen their shares rise ever since Donald Trump won the election. Additionally, their stock didn’t fall after nominee for Education Secretary Betsy DeVos was confirmed after a conten

Posted in: National News, Student Loan News,
21
Feb
Virginia Legislation Dies in Politics Leaving Students Vulnerable

Legislation designed to help student loan borrowers in Virginia refinance student loans and improve the oversight of lenders died in the state House on February 14­th after passing in the Virginia Senate 36-4. As of now, the only option for student loan borrowers to refinance student loans is through the private sector.Virginia Senate Bill 1053, introduced [&he

Posted in: Regional News, Student Loan News,
21
Feb
New Administration May Alter the Education Loan Industry Affecting Student Borrowers

Pictured above is the White House, home to President Trump and the Executive Office.With a new administration and political party in the Executive Office, analysts are waiting for expected changes in the student loan industry that could emerge in the coming months. Some speculate that the private sector will be fully re-invited to the student […]

Posted in: Industry News, Student Loan News,
20
Feb
Senators Reintroduce Bill Stopping the IRS from Taxing Deceased and Disabled Student Borrowers

Death and taxes are two of life certainties. For some cosigners and families, this includes a tax after the death of a student borrower. A group of senators to reintroduced legislation to eliminate the tax hit to families of student loan borrowers who die or become disabled.In Washington, D.C. on February 16th, Maine Senator Angus […]

Posted in: National News, Student Loan News,
20
Feb
SoFi Gearing Up to Cover More Student Borrowers After Raising $500 Million in VC Funding

Not satisfied with raising $1.9 billion in a six years, Social Finance Inc., the online lender known as SoFi, is gearing up to raise even more money in venture funding to grow its online lending business. SoFi is looking to support its push to offer more financial services with the additional funds.According to a Bloomberg […]

Posted in: Industry News, Student Loan News,