This Data Point uses the Bureau’s Consumer Credit Panel to identify likely users of income-driven repayment and provides descriptive statistics of who these borrowers are and how delinquencies on student loans and other products change after borrowers enroll in these alternative repayment programs.
You might have heard that LIBOR is going away. Here’s what you need to know about LIBOR and adjustable-rate loans.
LIBOR is expected to be discontinued sometime after 2021. Here is information to help consumers understand this market-wide change.
Saving for college is a long-term financial commitment, by consistently putting money away, you’ll feel the reward as you see it grow over time. Here are a few tips to stay motivated.
May 1st was National College Decision Day. Here’s how to compare schools and costs so you make the best financial choices for you and your family.
If you have student loans here are three things to do now to keep your student loans in order.
Over the next few months, parents and students will be exploring options to help pay for college. For many people, how to pay for a college education is one of the first major financial decisions they’ll make. There are many different ways to pay for college. Understanding your choices can help you make the right decision for your situation.
Check your mailbox: Veterans with severe disabilities and student loans should keep an eye out for this
The Department of Education is sending letters to veterans with severe disabilities notifying them that they may be eligible for a tax-free discharge of their outstanding student loans. Here’s what to look for if you’re eligible.
New research report detailing how borrowers are paying off their student loans, what they do after, and what it might mean for their personal finances and the broader economy.
Borrowers whose student loans are forgiven due to death or disability will no longer have to pay federal income taxes on those forgiven loans. Now, tens of thousands of disabled veterans and hundreds of thousands of people living with severe disabilities are eligible for new student loan protections.
Use our resources to make more informed decisions when taking out loans.
Seventy percent of new recruits pay $1,200 for GI Bill benefits they likely will not be using. Investing that money in DOD’s new Blended Retirement System (BRS) is probably a better investment.
When military borrowers are not able to get on track for programs like PSLF, they can end up paying tens of thousands of dollars they would otherwise not owe.
We’ve released a state-by-state snapshot showing how student loan debt is spread across the country. We also break down the complaints we’ve handled from student loan borrowers in every state.
According to a new CFPB report, at-risk student loan borrowers are struggling with repayment, even with options to help them available.
Si usted es maestro, militar, personal de primeros auxilios, o empleado del gobierno, o trabaja en otra área del servicio público, y tiene deudas de préstamos estudiantiles, podría estar cubierto bajo el programa de Perdón de Préstamos por Servicio Público (PSLF, por sus siglas en inglés).
Check out these tips to make sure you’re on track for Public Service Loan Forgiveness.
If you’re a teacher, member of the military, first responder, government employee, or work in another area of public service, you may be eligible for the Public Service Loan Forgiveness (PSLF) program.
A default can lead to severe consequences, including damaged credit, wage garnishment, and offset of social security and other government benefits. There are options to get back on track after falling behind on a federal student loan.
We recently published our Consumer Response Annual Report, which provides an overview of the complaints we received in 2016.
We are working to improve transparency in the student loan servicing market to better serve consumers.
Check out these tips to help tackle your student loan debt.
After reviewing more than 3,400 comments on our student loan Payback Playbook, we worked to create revised prototype disclosures. The updated Payback Playbook prototype will provide borrowers with personalized and actionable information on their student loan repayment plan options and help borrowers secure a monthly payment they can afford.
As the number of older Americans with student debt has quadrupled, older borrowers complain about many problems with lenders, loan servicers, and debt collectors that exacerbate their financial challenges.
All student loan borrowers have the right to pay off their student loans as fast as they can, but some borrowers who try to make extra payments may run into servicing roadblocks. Learn more about how to protect yourself and avoid getting knocked off track.
La actual crisis de deuda estudiantil afecta considerablemente a las comunidades de color. Vea más información aquí.