https://studentaid.gov/announcements-events/idr-account-adjustment On April 19, 2022, the U.S. Department of Education (ED) announced several changes and updates that will bring borrowers closer to forgiveness under income-driven repayment (IDR) plans. These...
Month: May 2022
CFPB: FFELP student loan borrowers: take full advantage of fixes to Income-Driven Repayment
https://www.consumerfinance.gov/about-us/blog/ffelp-student-loan-borrowers-take-full-advantage-of-fixes-to-income-driven-repayment/ By Kate Mullan – MAY 25, 2022 Under income-driven repayment (IDR) plans, federal student loan borrowers can have the remaining balance...
How long will your bankruptcy stay on your credit report?
The credit impact of a bankruptcy filing is a major deterrent for the average adult coping with more debt than they can handle. While people recognize that their financial circumstances are not sustainable and that eliminating some debt would be beneficial, they worry...
CNBC: Billions in federal rental assistance is still available. Here’s what struggling renters need to know
https://www.cnbc.com/2022/04/13/struggling-renters-can-still-apply-for-up-to-18-months-of-federal-aid-.html Billions of dollars in federal rental assistance is still available to struggling renters, though some states are running out of funds. As a result, tenants who...
CNN Business: Consumer debt soared by $52 billion in March
https://www.cnn.com/2022/05/06/economy/consumer-credit-debt-march/index.html Americans are racking up debt at record rates. Consumer debt levels for March 2022 climbed by $52.4 billion, an annual increase of 14%, seasonally adjusted, according to Federal Reserve data...
CFPB: Consumer advisory: Don’t give money or information to scammers promising student loan forgiveness
https://www.consumerfinance.gov/about-us/newsroom/consumer-advisory-dont-give-money-or-information-to-scammers-promising-student-loan-forgiveness/ Recognizing student loan scams Our infographic highlights red flags for student loan borrowers to watch out for. Download...