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Matters Pecuniary ... credit cards, banking, debt management, |
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Matters Pecuniary ... credit cards, banking, debt management, |
There has been speculation that the student loan repayment pause will be extended again. Last week, the White House stated that an extension is under consideration, and more recently, the Education Department instructed federal student loan servicers to hold off…
Federal student loan repayments have been suspended until May 1, 2022. During this relief period (which only applies to federal student loans), interest isn’t accrued, collections attempts have been suspended, and payments towards loans are considered optional. Although payments aren’t…
The massive debt wipeout concludes an almost five-year-long investigation into complaints against the servicer. Navient will be required to pay $1.85 billion, which includes: $1.7 billion in student loan cancelation $95 million in restitution $47.4 million in fees paid to…
Some student loan servicers, including Navient and FedLoan Servicing, have opted to stop servicing federal student loans. Around 15 million federal student loan borrowers are serviced by these particular servicers. Roughly half of the affected borrowers will be reassigned to…
You can pay your private and federal student loans through various parties and each party may have accept different payment methods. The payment method that you use is the key to the cost-savings. Private and federal student loan payment methods…
To view the servicer of your federal student loan, you can view our guide on locating your federal student loan servicer. Student borrowers who have loans owned by the Department of Education (ED) can easily track the lifecycle of their…