Millions of students seek postsecondary degrees in the hope that advancing their education will lead to better job opportunities, higher earnings, and greater economic security for themselves and their families. But many institutions of higher education are precluding students from making professional and educational gains by withholding their official transcripts to collect education-related debts.
The Department of Education announced that the student loan pause will continue through August 31, 2022. Here are three things to keep in mind.
It is a myth that student loans are not dischargeable in bankruptcy. Some private student loans require a showing of “undue hardship” and an adversary proceeding within the bankruptcy in order for the loans to be discharged, while other types of student loans are treated the same as other unsecured consumer debt.
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.
Did you get a notice that your student loans are transferring to a new servicer? Learn more about what this means for you
Many federal student loan borrowers will have their loans transferred to a new servicer. If your loans are currently being serviced by FedLoan Servicing or Granite State, this article can help you prepare for the transition to a new servicer.
If you were a college student enrolled in an eligible college or university on or after March 13, 2020, you may qualify for emergency financial aid grants that can be used to cover expenses or costs from food, housing, course materials, technology needs, health care, child-care expenses, or money owed to your school.
CFPB’s Section for Students and Young Consumers released new podcast episodes. Subscribe today.
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.
This fall, wherever you are and however you teach, these activities and tools can help build financial skills in children and young adults.
Even if you’re not sure of your college plans for this fall, it’s a good idea to fill out the FAFSA form as soon as possible.
Los pagos de los préstamos estudiantiles con el gobierno Federal han sido pospuestos y los intereses perdonados. Sepa qué significa esto para sus préstamos.
The CFPB is publishing the 2019 College Credit Card Report and releasing updated data the public can access and examine.
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.
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.
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.
New data shows how costly (or cheap) it can be for students to use their college-sponsored bank account.
According to a new CFPB report, at-risk student loan borrowers are struggling with repayment, even with options to help them available.
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.
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.
On campus, a bank account may be marketed to you that is co-branded with your college’s logo and may be attached to your campus ID through a debit card. But remember, just because an account has been sponsored by your college, it doesn’t always mean that it’s a good deal for you.
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.