Search for: "Direct Loans Consolidation"
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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]
30 Dec 2020, 11:56 am
The President has also signed this new bill, known as the “Consolidated Appropriations Act, 2021” (the “Act”). [read post]
14 Jul 2018, 10:00 am
Mistake #5: Not Combining Your Parent PLUS, FFEL, and Perkins loans Only Direct loans qualify for PSLF. [read post]
26 Feb 2023, 9:41 am
The IDR Waiver program will allow for someone like this to consolidate their older federal loans to Direct Loans (provided this is done before May 1, 2023), and after 20 years of repayment all undergrad loans would be forgiven. [read post]
13 Apr 2022, 9:12 am
Borrowers can be proactive in light of this development: Those with privately held FFEL and Perkins loans could consider consolidating into the Direct Loan program to gain eligibility for the payment suspension and interest pause and other benefits afforded to direct loan borrowers, such as lower IDR payments under the revised Pay As You Earn (PAYE) plan. [read post]
22 Jun 2017, 2:28 pm
For example, with regard to the Direct Loan eligibility requirement, the report discusses borrower complaints about delays and defects in the process of consolidating loans not eligible for PSLF into an eligible Direct Consolidation Loan. [read post]
4 Sep 2018, 6:44 am
Assist employees with student loans in other ways, such as providing information to them on how loans can be consolidated or refinanced. [read post]
4 Sep 2018, 6:44 am
Assist employees with student loans in other ways, such as providing information to them on how loans can be consolidated or refinanced. [read post]
10 Apr 2017, 10:00 am
More than 550,000 people have signed up for PSLF, which allows borrowers with Direct loans (or FFEL loans consolidated into Direct loans) to receive student loan forgiveness after 10 years of payments. [read post]
26 May 2014, 8:32 am
The government also will pay your interest for three years on the subsidized part of Direct or Federal Family Education Loan (FFEL) Consolidation Loans. [read post]
29 Aug 2013, 1:05 pm
Certain other federal loans can be consolidated into a new Direct Loan to qualify.) [read post]
5 Mar 2018, 3:00 am
The “new” Direct consolidation loan would be eligible for PSLF forgiveness but we’d need to make 120 payments to get the “new” Direct consolidation loan forgiven. [read post]
10 Jan 2022, 4:05 am
You can also look into consolidating your loans. [read post]
31 May 2014, 10:04 am
The subsidized part of a Direct or Federal Family Education Loan Consolidation Loan. [read post]
27 Sep 2021, 9:08 pm
In exchange for providing loan repayment plans, loan consolidation, and other administrative services, loan servicers receive payment for each loan they service. [read post]
8 Apr 2008, 1:58 pm
And while we’d tell consumers that most student loans cannot be discharged through a bankruptcy case, we’d also let them know that filing bankruptcy may help with a student loan situation through several different means: • the automatic stay will essentially freeze any action by the student loan collection agency; • Chapter 13 bankruptcy may help consumers consolidate student loans with the rest of their outstanding bills; and •… [read post]
6 Jul 2020, 3:00 am
Consolidate your federal loans with a Direct Consolidation Loan or refinance your federal student loans with private loans. [read post]
18 Oct 2017, 10:00 am
If you have defaulted, then you may be able to rehabilitate your loans or qualify for a Direct Consolidation Loan. [read post]
4 Oct 2022, 2:00 pm
Failing to sufficiently inform consumers about the need to provide additional income documentation for prior gap periods when reentering a Revised Pay As You Earn (REPAYE) plan (i.e. for the period following a consumer’s removal from REPAYE).Examiners found servicers engaged in deceptive acts or practices by: Providing consumers with a misleading denial reason after submitting an IDR recertification application when in fact servicers had denied the applications because the… [read post]
13 Jan 2020, 11:51 am
The claim states that the defendant would use direct communication with consumers that falsely stated that consumers could obtain lower interest rates by consolidating loans, improve their credit score, and the United States Department of Education would become the “new servicer” of the consumer’s student loans. [read post]
