Student loan defaults are on rise
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Sen. Elizabeth Warren (D-Mass.) and Dick Durbin (D-Ill.) have reintroduced the Accreditation Reform and Enhanced Accountability Act, reviving legislation they first introduced in 2016 to strengthen oversight of colleges receiving federal student aid by tying accreditation more closely to student debt and repayment outcomes.
Last week, the average interest rate on 10-year fixed-rate private student loans moved up. Current Interest Rates for Private Student Loans The average fixed interest rate on a 10-year private student loan was 7.
Student-loan borrowers are trying to navigate Trump's repayment overhaul while facing hourslong hold times and conflicting information from servicers.
Only defaulted federal student loans put your tax refund at risk, not delinquent or private student loans. You have 65 days from the notice to stop it with payment arrangements or a valid objection. Up to 100% of your tax refund can be taken, compared to ...
This is the third major settlement the FTC has reached with student loan debt relief scammers in the last year.
