Every week, Student Debt Relief posts a roundup of the latest happenings in all things student loan-related. This week we have four articles, each covering a different aspect of student loans.
Our first article gives readers an overview of Trump’s most recent comments and plans for tackling the student loan crisis. Our second article offers an updated account of the recent stream of lawsuits filed against student loan collector Navient for gross misconduct and overcharging borrowers. Our third article addresses the issue of student loan deferment and explains when (and only when) it should be used by borrowers. And finally, for those individuals soon-to-be-taking-on student loans of their own, our fourth article offers an excellent personal guide on everything a new borrower needs to know to get the most benefit from their future loans (as well as avoiding some potential headaches).
Click on each article to learn more and we hope you enjoy them!
It’s literally the $1.4 trillion question that student loan borrowers can help but keep asking: How is President Trump going to tackle the student loan crisis? Well, this Chicago Tribune article does a great job of giving you the specifics. Everything from his future plans for Income-Based Repayment programs, forgiveness options, and his desire to see private firms play a greater role in student loans going forward are detailed inside.
The student loan industry was recently rocked by a stream of lawsuits against student loan servicer Navient by the Federal Government. Navient is accused of cheating and misleading student loan borrowers on a massive scale by purposely steering them toward more expensive (and unnecessary) repayment options and then profiting at their expense. For anyone unfamiliar with this incident, especially student loan borrowers, this article is the third installment in three-part series (links to parts one and two are included) on how this development could affect your loans going forward.
The recent stream of lawsuits filed by the Federal Government against student loan servicer Navient brought the issue of student loan deferment to the attention of many. Unfortunately, many borrowers are simply unaware of the options available to them and the consequences of each. This article does an excellent job of explaining what student loan deferment actually entails and when (and only when) it should be utilized.
There’s no question that student loans can be an intimidating topic for soon-to-be borrowers. Thankfully, this article provides an excellent guide to removing that anxiety by giving those with little or no knowledge about student loans a great primer for moving forward. Everything from how to research your options, the differences between federal and private loans, how to keep interest payments to a minimum, and even some personal finance and budget tips are included. These tips are sure to save any college student who follows them a lot of money and future headaches.
Be sure to check back every Friday at Student Debt Relief for our Weekly Roundups of the latest news and updates in the student loan industry!