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.
Check out these tips to make sure you’re on track for Public Service Loan Forgiveness.
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.
Understanding Consumer Experiences: Insights from CFPB’s 2016 Consumer Response Annual Report
We recently published our Consumer Response Annual Report, which provides an overview of the complaints we received in 2016.
Errors in your college enrollment record can affect your finances in ways you don’t expect.
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.
Four tips to help older student loan borrowers navigate common problems with their student loans
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.
Today’s student debt crisis significantly impacts communities of color. Learn more.
¿Tomó préstamos estudiantiles para asistir al ITT Tech? Pues, debe saber que tiene opciones.
Estudiantes de ITT Tech: Conozcan más acerca de sus opciones y qué hacer con sus préstamos estudiantiles cuando la escuela cierre.
ITT Students: Learn more about your options and what to do with your student loans when your school shuts down.
Trying to enroll in an income-driven repayment plan? Avoid #ApplicationAbyss with our tips and resources.
Almost all federal student loan borrowers are eligible for an income-driven repayment (IDR) plan, but we have heard that successfully enrolling in one of these plans can be extremely difficult. To help, we’ve put together some tips.
Take control of your financial life with these ten tools that can help you make choices at the grocery store, pay your credit card bill, and deal with debt. They can also prepare you for money decisions like buying a home or figuring out how to pay for college.
An important part of the CFPB’s mandate from Congress is to make rules governing consumer finance markets more effective and to create new rules when warranted. Today, we’re posting a semiannual update of our rulemaking agenda as part of the federal government’s Unified Agenda of Regulatory and Deregulatory Actions.
This summer, we had the pleasure of meeting Dani who shared her story with us. Her story was similar to many of the stories we receive on student debt. She was struggling to make ends meet and pay down her student loans.
Last month, we published a report based on your stories and issued a call for industrywide reforms to protect consumers. Building on this work, today, we released our annual report on student loan complaints, taking a closer look at the problems experienced by certain student loan borrowers.
When you make student loan payments on an income-driven plan, you might be in for a payment shock
For borrowers who are experiencing financial distress and looking for a way to pay back their federal student loans, income-driven repayment plans can be the key to helping you make ends meet. But for some borrowers seeking to tie their federal loan payment to their income, we know the road can be rocky. You’ve told us about problems related to enrolling in income-driven repayment plans that ended up costing you hundreds of dollars in unexpected payments.
Some borrowers have already shared with us their experiences with their student loan servicer (the company that sends a bill each month). We’ve released the first batch of your stories and we encourage you to take a look at what we’re hearing from the public at regulations.gov.
Today, we held a field hearing on student debt in Milwaukee. The hearing featured remarks from Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and members of the public. The live event has now ended, but we’ll have a recording available here soon.
If you are paying back student loans, you are not alone. Over 40 million Americans are repaying more than $1.2 trillion in outstanding student loan debt. Paying off student debt can be stressful. If you’ve run into roadblocks, tell us about it. Learn more about the roadblocks some borrowers face and tell us about your experience.
In light of recent closures of certain for-profit colleges, we wanted to share some helpful advice to help you navigate the situation.
Join us for a field hearing in Milwaukee on student debt. The hearing will take place on Thursday, May 14 at 10 a.m. CDT.