Student loan reform has been a major policy initiative of the Obama administration and most of the changes made to these programs have been advantageous to borrowers. But a change that goes into effect in July of next year needs closer examination to know if it’s a good thing for student loan borrowers needing to …
Category: student loans
CFPB Offers New Student Loan Help
The mission of the new federal Consumer Financial Protection Bureau is to make financial markets work better for ordinary Americans. Now that total outstanding student loan debt is over one trillion dollars and exceeds total credit card debt, it only makes sense that this agency will put student debt squarely in its sights. To assist …
Can You Hear Me Now? Debt Collectors May Soon Call Your Cellphone
If you are delinquent on your student loans and constantly ducking debt collectors as they try to reach you at home, you may soon have an even tougher time getting them off your back. A provision in the President’s proposed deficit reduction plan would allow debt collectors to reach deadbeat borrowers on their mobile phones. …
How to Pay Off Your Student Loans
Serious student loan debt is an unavoidable reality for too many college grads. And because students debt is regulated by the federal government, you can bet that understanding students loans and navigating the repayment process are complicated by red tape and rigamarole. To help make this easier to understand, Mint.com has created a helpful infographic …