The massive debt wipeout concludes an almost five-year-long investigation into complaints against the servicer. Navient will be required to pay $1.85 billion, which includes: $1.7 billion in student loan cancelation $95 million in restitution $47.4 million…
Some student loan servicers, including Navient and FedLoan Servicing, have opted to stop servicing federal student loans. Around 15 million federal student loan borrowers are serviced by these particular servicers. Roughly half of the affected borrowers will…
Using your credit card to pay your federal or private student loan can earn you credit card rewards or sign-up bonuses. You can also extend your payment time by utilizing your credit card’s grace period. But, there are things to…
You can pay your private and federal student loans through various parties and each party may have accept different payment methods. The payment method that you use is the key to the cost-savings. Private and federal student loan payment methods…
To view the servicer of your federal student loan, you can view our guide on locating your federal student loan servicer. Student borrowers who have loans owned by the Department of Education (ED) can easily track the lifecycle of their…
You can locate your federal student loan services by accessing your profile at The U.S. Department of Education’s office of Federal Student Aid site at The “My Loan Servicers” section contains your loan…
Until May 1, 2022, student loan borrowers are not required to make payments on their loans. Interest will not be accrued during this time period. In addition, during this repayment suspension, collections attempts cannot be made. Who qualifies for student…