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Student loan payments are resuming soon. And while over three years of paused payments have helped relieve borrower's wallets, the lifting of the student loan moratorium will present a challenge to...
July 30, 2023 at 9:29 AM. Many student loan borrowers may be surprised they have a different loan service provider when payment pause lifts this fall. That could complicate restarting their ...
Now that the more than three-year COVID-19 student loan payment pause has come to an end, 28 million borrowers have entered repayment since Oct. 1, 2023. With this massive transition from a full ...
In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...
Student loan servicers are in a tough bind, dealing with reduced staff as they prepare for the unprecedented situation of 44 million borrowers returning to payments later this summer. Student loan ...
Interest on federal student loans has started accumulating again after a three-year pause because of the COVID-19 pandemic. The first step is to log in to your StudentAid.gov account and check who ...
The borrowers, who were not required to make payments during the pandemic, faced questionably higher figures when they logged in to start repaying. Student loan repayments hit a glitch for 305,000 ...
For instance, payments could be processed late as contracts change hands. This could result in surprise late fees. In 2015, the Consumer Financial Protection Bureau found that changes in loan ...