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Student Loan Borrower News
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Will collection stop while I’m waiting for a reply to a discharge application?
September 01, 2013
by Temp Author
Yes. In most cases, loan holders are required to stop collecting once they receive a completed discharge application. You can also request forbearance so that collection stops while you are […]
Continue Reading →How is interest calculated?
September 01, 2013
by Temp Author
Interest on all federal loans is calculated on a simple daily basis. The Department of Education’s web site includes detailed information to help borrowers understand interest rates on federal student […]
Continue Reading →What is a grace period?
August 30, 2013
by Temp Author
A grace period is the waiting period after graduation or withdrawal from school and before repayment begins.
Continue Reading →States are Stepping Up Efforts to Protect Students
August 29, 2013
by Ella Halpine
Last week, the New York Attorney General announced a ground-breaking settlement with Career Education Corp., one of the largest for-profit colleges in the U.S. This settlement highlights the crucial role […]
Continue Reading →Is there a time limit on how long student lenders can come after me to collect?
August 19, 2013
by Temp Author
Not for collection of federal loans, but there is a time limit on private loan collection. The time limits for private loans vary by state, but are usually about six […]
Continue Reading →Should I consider Chapter 13 bankruptcy?
August 19, 2013
by Temp Author
In some cases, yes. In a chapter 13 case, you submit a plan to repay your creditors over time, usually from future income. These plans allow you to get caught up […]
Continue Reading →Is evidence of a Social Security or Veteran Affairs disability decision sufficient to qualify for a student loan disability discharge?
August 19, 2013
by Temp Author
VA disability Yes, if the VA determined that you are unemployable due to a service-connected condition. As of August 2019, veterans with a service-connected disability are eligible to have their […]
Continue Reading →How can I avoid going into default?
August 19, 2013
by Temp Author
You can postpone repayment through deferment or forbearance — or with a private loan, through any other way you can negotiate with your lender. You can also try to switch to […]
Continue Reading →How can I postpone repayment?
August 19, 2013
by Temp Author
The government programs and some private lenders allow you to either get a deferment or forbearance to postpone repayment.
Continue Reading →More Updates & News
Important Note: On June 24, 2024, two court decisions temporarily blocked parts of the SAVE Plan from taking effect. These decisions may change borrowers’ rights and access to certain benefits, including repayment plans. We will update this website with more details on how this will impact borrowers soon. Visit here for more information.
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