Search results
Results From The WOW.Com Content Network
In October 2017, Great Lakes Higher Education Corporation reached an agreement to sell off 100% of the stock of its subsidiary, the Great Lakes Educational Loan Services, Inc. to Nelnet. [8] The company was to be sold for $150 million, initially keeping CEO Jeff Crosby in charge, but with a plan of consolidating the companies together. [9]
Borrowers are still waiting for a final court decision on the SAVE student-loan repayment plan. Even if the plan survives the courts, Trump and GOP lawmakers could take steps to rein in relief.
With student loan forgiveness still uncertain, borrowers can expect more changes -- and perhaps some potholes -- on the road to paying down student loan debt. As part of the Biden administration's...
A recent survey by the Consumer Financial Protection Bureau found that among borrowers who had only used a standard, 10-year repayment plan, 31% did not know they could choose an alternative.. In ...
A borrower is considered to have defaulted when he or she fails to make required payments for 270 days. When a loan is in default, the principal and interest are due in full a well as collection costs. [2] The current default rate for the 1.56 trillion total outstanding dollars of debt among 44.7 million borrowers is 11.4%. [15]
The Voluntary Flexible Agreement (VFA) was created by the United States Congress in 1998 during a reauthorization of the Higher Education Act of 1965.The VFA enables Federal Family Education Loan Program (FFELP) guarantors to develop programs and techniques to help borrowers avoid student-loan default and all of its negative consequences.
Offered by the federal government and online lenders, 43.2 million borrowers currently hold student loans in the country. The Education Department offers federal student loans through one ...
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Donate