Search for: "Direct Loans, Borrower Services"
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14 Aug 2017, 10:00 am
Bush in 2007, the PSLF program allows borrowers with federal Direct loans who are working in eligible public service jobs to receive tax-free loan forgiveness after making timely payments for 10 years. [read post]
25 Jul 2016, 12:47 pm
The Department of Education has released a memorandum to provide policy direction for the new federal student loan “state-of-the-art loan servicing ecosystem” that the ED is currently procuring. [read post]
16 Jun 2016, 4:59 pm
Federal Student Loans: Education Could Improve Direct Loan Program Customer Service and Oversight, GAO-16-523: Published: May 16, 2016. [read post]
11 Oct 2017, 10:00 am
Furthermore, loan servicers are bad at informing student loan borrowers of their repayment options. [read post]
11 Dec 2013, 7:18 am
Department of Defense or third parties on loans to active-duty servicemembers who qualify for Defense Department loan repayment assistance programs Payments made through online bill payment systems Payments made through direct debits initiated on the servicer’s online servicing platform The servicer’s ability to accommodate borrowers who provide standing instructions on how the servicer should direct future… [read post]
27 Sep 2021, 9:08 pm
Instead, borrowers interact almost exclusively with their loan servicer. [read post]
18 Oct 2023, 7:43 am
In October 2023, the Department of education has come out with a new wrinkle that may help a few borrowers who have been waiting for Public Service Loan Forgiveness (PSLF) for their student loans. [read post]
5 Oct 2015, 12:12 pm
The directive, included in the Presidential Memorandum on a Student Aid Bill of Rights to Help Ensure Affordable Loan Repayment, charged the CFPB to issue a report by October 1, 2015 with recommendations for student loan servicing standards. [read post]
6 Oct 2021, 7:10 am
This is the biggest roadblock for student loan borrowers who have attempted to have their student loans forgiven due to public service. [read post]
2 Sep 2015, 10:58 am
Pursuant to a March 2015 Presidential directive, an interagency task force consisting of the Department of the Treasury, Department of Education, Office of Management and Budget, and Domestic Policy Council has issued recommendations on best practices in performance-based contracting intended to ensure that federal student loan servicers “help borrowers responsibly make monthly payments on their student loans. [read post]
10 Jan 2020, 1:20 pm
Ford Federal Direct Loan (Direct Loan) Program A TEACH Grant service obligation Federal Perkins Loan But because so many people don’t know this fact, only about 28% of eligible borrowers identified in the last three years have had their loans erased or are in the process of having them erased (1). [read post]
27 Mar 2013, 10:20 am
CFPB supervision would allow the agency to evaluate the extent and scope of borrower issues by direct examination of these larger student loan servicers. [read post]
5 Feb 2014, 4:00 am
Most online servicing platforms allow borrowers to target excess payments to a specific loan. [read post]
22 Aug 2017, 8:01 am
Department of Education’s Policy Direction on Federal Student Loan Servicing dated July 20, 2016. [read post]
2 May 2016, 11:28 am
The CFPB’s announcement was accompanied by an announcement by the Department of Education of two new student loan-related initiatives, one directed at credit reports and the other directed at servicing. [read post]
8 Jul 2016, 4:47 pm
In so ruling, the Appellate Court rejected and disregarded the current servicer’s evidence that the loan modification documents had not been received, because the borrowers introduced […]Christopher P. [read post]
16 Jan 2017, 10:00 am
You must have Direct Loans to qualify for PSLF. [read post]
26 Apr 2017, 10:10 am
The memoranda were intended to guide the development of provisions in new contracts to be entered into by the ED with servicers it selected for a new federal student loan servicing system and included directions to contractors to designate, train, and appropriately compensate specialized servicing personnel to assist at-risk and certain other borrowers. and standards to provide consistency in the handling, processing, and application of payments… [read post]
23 Apr 2019, 4:40 pm
I can add to that a Direct Unsubsidized Loan from ED for another $25,500. [read post]
4 Oct 2018, 12:49 pm
The Ombudsman is also directed to establish a student loan borrower education course by October 1, 2019. [read post]
