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In 2021, student loan servicers began dropping out of the federal student loan business, including FedLoan Servicing on July 8, Granite State Management and Resources on July 20, and Navient on September 28. [40] According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing does not cover all ...
That followed the Education Department's announcement this week that 153,000 borrowers with an original loan balance of $12,000 or less who have been in repayment for 10 years had their student ...
The White House released data showing the number of borrowers in each state who were eligible for automatic loan relief under the one-time payment adjustment for income-driven repayment (IDR) plans.
NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data.
In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]
The state has announced the first recipients of a program aimed at helping medical professionals pay off student loans in exchange for a two-year commitment to provide care in Hawaii. Gov. Josh ...
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