Student Loan News

27
Jun
Some Judges Push to Ease Bankruptcy Rules for Student Loan Debt

Student loan debt is notoriously difficult to get discharged in bankruptcy. But there’s potentially good news for student debtholders: some bankruptcy judges have reportedly been showing leniency toward canceling debt. The judges in question haven’t totally canceled student loan debt but some are softening as they encourage lawyers to work pro bono to help debtholders

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

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 doesn’t require any payment to enter, and those who enter don’t have to make a purchase of any kind. […]

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

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 week) to obtain a college degree by helping them pay for college. Discover will cover full employee costs for book

Posted in: Industry News, Student Loan News,
13
Jun
Last-Dollar Financial Aid Can Help Low-Income Students Stay in School

For low- to moderate-income college students, targeted supplemental financial aid can be a difference-maker for their enrollment chances. Some schools offer additional funding after students have exhausted their initial financial aid, which can help cover as much as the entire tuition. One such program, Rutgers University–Camden’s “Bridging the Gap,” showed that la

Posted in: Regional News, Student Loan News,
12
Jun
Financial Aid Award Letters Can Be Hard to Understand

For some incoming college students, the hard part isn’t getting that acceptance letter – it’s figuring out what the financial aid award letter means if you believe an analysis by New America and uAspire. Analyzing more than 11,000 of those letters revealed financial aid isn’t enough to pay for college for some people, but the study […]

Posted in: National News, Student Loan News,
09
Jun
Here’s Where Family Members of Fallen Soldiers Can Go to College for Free

More universities are beginning to offer scholarships or free education to children or spouses of fallen and disabled soldiers. A university in Tennessee will open a new program this fall, and a New Jersey lawmaker submitted a statewide proposal for such students. The University of Memphis Begins a New Program The University of Memphis is […]

Posted in: Regional News, Student Loan News,
07
Jun
Department of Education Drops Private Debt Collectors – Here’s What to Expect

The Trump Administration’s Education Department recently announced its plans to cease having private debt collectors collect late student loans. Currently contracted student loan servicers will take over those duties instead of outsourcing them to private companies. This announcement comes after the department recently ended contracts with two debt collection compan

Posted in: National News, Student Loan News,
02
Jun
Judge Pauses Former Corinthian Colleges Students’ Loan Payments

Thousands of students who went to Corinthian Colleges and filed a lawsuit for student loan relief scored an important victory last month. The presiding judge acted to temporarily stop the U.S. Department of Education from collecting loan debts from the former students. The decision was reached because of alleged violations of the federal privacy act by the [&hell

Posted in: National News, Student Loan News,
25
May
New US Household Economic Report Offers Insight on the Cost of College

The Federal Reserve examined the U.S. household economic well-being for 2017 and released the results this month. The section on higher education shines some light on statistics about college as well as the value of a college education. Is College Worth It? The cost of college has risen increasingly in recent years, but it’s a cost many adults […]

Posted in: National News, Student Loan News,
24
May
Ohio Bill Would Create a Tax Credit to Help Pay for College

For Ohio college students and families, the price of tuition may soon become more affordable. On May 17, Ohio state Rep. Dan Ramos (D-Lorain) introduced new legislation, the Ohio Lets Everyone Achieve Right Now (LEARN) tax credit, targeted at reducing the cost of higher education. The tax credit is intended to cover 90 percent of […]

Posted in: Regional News, Student Loan News,