Blog | Consumer Financial Protection Bureau

Info for consumers |

Published SEP 05, 2023

As payments on federal student loans resume, federal student loan borrowers may be eligible for cancellation or lower payments

In October, most federal student loan borrowers will make their first student loan payments since March 2020. Changes to the federal student loan program, though, may mean many borrowers are eligible for a reduced payment or a loan cancellation.

Student loans

Info for consumers |

Published SEP 05, 2023

Prestamistas estudiantiles federales podrían recibir cancelación o pagos más bajos

En octubre, la mayoría de los prestatarios de préstamos estudiantiles federales harán su primer pago desde marzo del 2020. Los cambios hechos al programa podrían hacer a muchos de ellos elegibles para tener pagos más bajos, o para la cancelación de sus préstamos.

Student loans

Data, research, and reports |

Published JUL 13, 2023

Office of Research blog: Initial Fresh Start program changes followed by increased credit scores for affected student loan borrowers

Credit reporting changes through the Department of Education’s Fresh Start program coincided with increased credit scores for nearly 2 million student loan borrowers.

By Christa Gibbs

Data, research, and reports |

Published JUN 07, 2023

Office of Research blog: Update on student loan borrowers during payment suspension

Delinquencies and scheduled payments for non-student-loans continue to rise for student loan borrowers during the federal student loan payment pause.

By Thomas Conkling and Christa Gibbs

Info for consumers |

Published APR 28, 2023

Adjustable-rate loans are changing, because a widely-used interest rate index expires in June

Companies that provide adjustable-rate mortgages, student loans, home equity lines of credit, reverse mortgages, and credit cards are ending their use of a popular interest rate index, which expires June 30, 2023.

Policy and compliance |

Published APR 14, 2023

Protecting people from discriminatory targeting

This week, we filed a Statement of Interest to protect people from discriminatory targeting.

By Seth Frotman

Data, research, and reports |

Published NOV 02, 2022

Office of Research blog: Update on student loan borrowers during payment suspension

Delinquencies on non-student-loan credit products continue to rise for student loan borrowers, signaling potential payment difficulties when scheduled payments resume.

By Thomas Conkling and Christa Gibbs

Policy and compliance |

Published JUL 25, 2022

Time is running out for student loan servicers to help servicemembers with student loans get debt relief

Student loan servicers with military borrowers should act quickly to identify and notify military borrowers about the PSLF Limited Waiver before October 31, 2022.

By Anthony Camilli

Info for consumers |

Published JUN 02, 2022

Loan Cancellation for Student Loan Borrowers Who Attended Corinthian Colleges

The U.S. Department of Education announced the cancellation of $5.8 billion in federal student loans for 560,000 individuals who borrowed to attend schools owned by Corinthian Colleges, the for-profit college conglomerate that is now defunct.

By Rohit Chopra

Student loans

Info for consumers | Policy and compliance |

Published MAY 25, 2022

FFELP student loan borrowers: take full advantage of fixes to Income-Driven Repayment

New fixes to income-driven repayment will help borrowers reach loan forgiveness faster. Commercial FFELP borrowers will need to apply for consolidation to benefit.

By Kate Mullan

Student loans

Policy and compliance |

Published MAY 05, 2022

Exams lead to remediation for private loan servicers’ unfair practices

The CFPB is taking action against private student loan servicers that fail to live up to their promises. Consumers rely on servicers execute on incentive programs and provide promised payment relief.

By Austin Hinkle

Data, research, and reports | Info for consumers |

Published APR 14, 2022

The student loan pause was extended—three things to keep in mind

The Department of Education announced that the student loan pause will continue through August 31, 2022. Here are three things to keep in mind.

By Andrea Matthews

Info for consumers | Policy and compliance |

Published APR 12, 2022

Busting myths about bankruptcy and private student loans

Some student loans require a showing of undue hardship and an adversary proceeding to be discharged in bankruptcy. Other student loans are treated the same as other consumer unsecured debt.

By Robert G. Cameron

Policy and compliance |

Published JAN 26, 2022

Don’t let sloppy servicing keep you from benefitting under the PSLF Fix before it expires on October 31, 2022

The PSLF Limited Waiver provides important new benefits to workers in public service until October 31, 2022. Servicers are responsible for helping to navigate the process.

By Kristen Evans

Info for consumers |

Published DEC 07, 2021

The LIBOR index for adjustable-rate loans is being discontinued: here’s what to watch for

Adjustable-rate mortgages, student loans, HELOCs, reverse mortgages and credit cards that are tied to a LIBOR index, which is expiring. Learn how this change could impact your interest rate.

By Davida Farrar

Data, research, and reports |

Published JUL 13, 2021

Trends in Reported Assistance on Consumers’ Credit Records

Since July 2020, consumers have transitioned out of assistance to varying degrees across all credit products, but a significant share of mortgage borrowers continue to receive assistance.

By Corinne Candilis and Ryan Sandler

Data, research, and reports |

Published JUN 16, 2021

Delinquencies on credit accounts continue to be low despite the pandemic

New CFPB research examines trends in consumer credit during COVID-19, finding delinquencies for credit cards, auto loans, mortgages, and student loans remain lower than pre-pandemic levels.

By Ryan Sandler

Info for consumers |

Published FEB 01, 2021

Struggling during the pandemic? COVID-19 financial relief and protections extended

Financial relief and protections for many student loan borrowers, renters, and homeowners has been extended. Here’s what you need to know.

Info for consumers |

Published DEC 15, 2020

Listen to CFPB's new podcast episodes

CFPB’s Section for Students and Young Consumers released new podcast episodes. Subscribe today.

By Brian Stone

Info for consumers |

Published NOV 17, 2020

Federal tools to help maximize GI Bill® education benefits

GI Bill education benefits are not unlimited, so make sure you have a plan to use them wisely. The Department of Veterans Affairs’ GI Bill Comparison Tool, the Department of Education’s College Scorecard website, and the CFPB’s Your Financial Path to Graduation Tool can help.

By Charmain Bogue, Patrick Brick, Brian Fu, and Kate Mullan

Info for consumers |

Published JUL 22, 2020

¿Es usted el coprestatario de un préstamo estudiantil privado? Le tenemos consejos para que se proteja durante la pandemia del COVID-19

Si es el coprestatario de un préstamo estudiantil privado usted es responsable por cualquier pago omitido. Tome pasos para proteger sus finanzas y su crédito durante la pandemia.

By Cora Hume and Kate Mullan

Info for consumers |

Published JUL 22, 2020

Co-signed a private student loan? Here are tips to protect yourself during COVID-19

If you’ve co-signed a private student loan, you’re financially responsible for missed payments. Take these steps to protect your finances and credit during COVID-19.

By Cora Hume and Kate Mullan

Director's notebook |

Published JUL 17, 2020

Closing remarks: Consumer Financial Protection Week

As Consumer Financial Protection Week comes to a close, the CFPB continues to be here for you with resources to explain your rights, options and protections during the coronavirus pandemic.

By Kathleen L. Kraninger

Info for consumers |

Published JUN 10, 2020

It’s not too late to fill out the FAFSA: Here’s what you need to know

You should still fill out the FAFSA. Read this blog to learn what you need to know about the FAFSA process and the upcoming school year.

By Adebukola Dada and Brian Stone

Info for consumers |

Published APR 09, 2020

Qué necesita saber sobre los préstamos estudiantiles y la pandemia del coronavirus

Los pagos de los préstamos estudiantiles con el gobierno Federal han sido pospuestos y los intereses perdonados. Sepa qué significa esto para sus préstamos.

By Kristen Evans