What to do if you’re denied student loan refinancing

denied student loan refinancing

Refinancing your student loans could save you money and it only takes a few minutes to get personalized quotes from lenders. The Federal Reserve predicted that they’d keep their interest rates low through 2023, which means you may have time to prepare to refinance your student loans. If you don’t qualify …

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Student Loan Balance Up After Five Years

Student Loan Balance Up After Five Years

Here’s what you need to know. A new report says that about half of student loan borrowers have a higher student loan balance after 5 years. Student Loan Repayment Imagine this common scenario: you borrow student loans. You start to pay off your student loans. You keep paying off your student loans every …

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The complicated beauty of student debt forgiveness

Robert F. Smith

Robert F. Smith, founder, and CEO of private-equity firm Vista Equity Partners Robert F. Smith, founder, and CEO of private-equity firm Vista Equity Partners gave a commencement speech to Morehouse College’s graduating class. Then, the billionaire announced that he and his family would pay off the roughly 400 graduating seniors’ …

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Denied public service loan forgiveness, so filed a lawsuit

student loan complaints

The number of people who’ve been financially derailed by the public service loan forgiveness program is piling up, and so are the borrowers interested in bringing their servicers to court to seek damages.“It’s clear that students are claiming the servicers told them one thing, when something else was true,” said …

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CFPB Student Loan Ombudsman Report

CFPB Student Loan Ombudsman Report

Executive summary Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, this annual report analyzes complaints submitted by consumers between September 1, 2016 and August 31, 2017. During this period, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) handled approximately 12,900 federal student loan servicing complaints, 7,700 private …

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US Debt $ 4 trillion now- Expert isn’t worried

Americans in Debt, Solutions & Legal Protections of Debt It’s only been five years since Americans hit a grand total of $3 trillion in consumer debt and yet, by the end of 2018, that figure is expected to jump by another trillion. In the first nine months of 2018, Americans …

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