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Browsing: Borrowers
Key PointsBorrowers who expected forgiveness or another pause extension reduced their loan payments by $40 per month on average.Those same…
Key PointsUnder Secretary of Education Nicholas Kent said nearly 46,000 borrowers submitted applications to enroll in the new Repayment Assistance…
Federal student loan servicers have begun emailing the more than 7 million borrowers still enrolled in the SAVE plan, telling…
New Repayment Plans, Borrowing Caps, and Higher Rates The biggest overhaul of federal student loans in a generation takes effect…
Key PointsNew RAP and Tiered Standard Repayment Plan are now live on the online StudentAid IDR ApplicationPaper application is still…
Four borrowers want a judge to stop the July transition of millions of loans out of SAVE. History suggests the timeline won’t budge.…
Student loan servicers have started placing automated phone calls to SAVE borrowers, warning them that their loans will reenter repayment…
Key PointsThe Department of the Treasury is set to take over servicing of $179 billion in defaulted federal student loans…
Key PointsRoughly 7 million SAVE Plan borrowers will start receiving 90-day notices from their loan servicers starting July 1, 2026,…
Key PointsThe Urban Institute reported in March that the share of delinquent student loan borrowers also holding a mortgage nearly…