Personal finance

Student loan processor Navient to cancel $1.7 billion in student loans

Student loan processor Navient to cancel $1.7 billion in student loans

Navient, one of many largest student loan servicers, will cancel $1.7 billion in non-public student loans after a deal it reached with 39 states. The settlement, introduced on Thursday, resulted from accusations the lender gave out loans to hundreds of thousands of debtors who’d be unlikely to have the ability to repay them. It resolves …

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3 student loan changes in 2022 that borrowers should know about

3 student loan adjustments in 2022 that debtors ought to learn about

article The new 12 months brings a slew of adjustments for student loan debtors, together with the return to federal student loan reimbursement. (iStock) The student loan trade noticed important reforms over the previous few years through the coronavirus pandemic, and plenty of of those adjustments will affect debtors in 2022. Here are a couple …

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How A Change in Your Student Loan Provider Could Impact Your Credit Score

How A Change in Your Student Loan Provider Could Impact Your Credit Score

Select’s editorial workforce works independently to evaluate monetary merchandise and write articles we predict our readers will discover helpful. We could obtain a fee while you click on on hyperlinks for merchandise from our affiliate companions. Earlier this 12 months, some federal student loan servicers — like Navient, the Pennsylvania Higher Education Assistance Agency (also …

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Biden administration extends payment pause for student loan borrowers until May 1

Biden administration extends fee pause for student loan debtors till May 1

Amid issues concerning the new omicron variant of the Covid-19 virus, the Biden administration will lengthen the fee pause for federal student loan debtors till May 1. “We know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments,” President Joe Biden …

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How Biden's Pause On Student Loan Payments To May 2022 Affects You

How Biden’s Pause On Student Loan Payments To May 2022 Affects You

Select’s editorial workforce works independently to overview monetary merchandise and write articles we expect our readers will discover helpful. We could obtain a fee while you click on on hyperlinks for merchandise from our affiliate companions. The Covid-19 omicron variant is continuous so as to add extra uncertainty to an already delicate state of affairs. …

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