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Student Loan Consolidation Cottage Industry Grows With Targeted Ads

Student loan consolidation companies are kicking up their efforts to target struggling borrowers.  From Facebook ads to prime-time commercials and radio spots, promises of student loan forgiveness, lower interest rates and lower monthly payments have been plastered before people’s eyes for months. With more than $1 trillion in outstanding student loan debt in the U.S., companies offering […]

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Best Student Loan Consolidation & Refinance Lenders of 2021

If you’re saddled with student debt and worried about making payments on your federal loans during the coronavirus pandemic, you can breathe a sigh of relief. An executive order in January extended the pause in payments on federal loans and set interest rates at 0% through September. Private lenders may offer their own special relief […]

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These borrowers are excluded from Biden’s new expanded student loan consolidation

WASHINGTON, DC – OCTOBER 08: US President Joe Biden delivers remarks in the South Court Auditorium … [+] in the Eisenhower Executive Office Building on October 08, 2021 in Washington, DC. (Photo by Chip Somodevilla / Getty Images) Getty Images Last week, the Department of Education announced huge changes to the Public Service

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eligibility and how to apply

A federal program broke its promise to provide student debt relief to thousands of public servants, including teachers, police and firefighters. Now the government is trying to do it right. On Wednesday, the U.S. Department of Education announced sweeping changes to its civil service loan forgiveness program after thousands of borrowers requested forgiveness, almost all […]

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4 credit unions for refinancing student loans October 2021

Our goal is to give you the tools and the confidence you need to improve your finances. While we do receive compensation from our partner lenders, whom we will always identify, all opinions are ours. Credible Operations, Inc. NMLS # 1681276, is referred to herein as “Credible”. If you are considering refinancing a student loan, […]

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Major changes to student loan forgiveness could come this week

President Joe Biden (Photo by SAUL LOEB / AFP via Getty Images) AFP via Getty Images Major changes to the forgiveness of student loans could come this week. Here’s what you need to know – and what it means for your student loans. Student loans As first reported by NPR, the U.S. Department of Education […]

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Biden administration describes potentially sweeping changes to student loan forgiveness and repayment programs

WASHINGTON, DC – SEPTEMBER 24: US President Joe Biden delivers remarks from the State Dining Room … [+] from the White House on September 24, 2021 in Washington, DC. (Photo by Anna Moneymaker / Getty Images) Getty Images The Biden administration is preparing to move forward with a process to enact potentially sweeping changes to […]

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Best Student Loan Refinance Lenders For Parents August 2021 – Forbes Advisor

PenFed, short for Pentagon Federal Credit Union, offers student loan refinancing through a partnership with Purefy, an online-only student loan provider. Students can refinance their parents’ loans and take responsibility for repayment, or parents can refinance their own loans. You will need to become a member of PenFed Credit Union in order to refinance once […]

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What to do if you’re one of 16 million student loan borrowers left in limbo after your maintenance department closes

Navient, the largest student loan company in the United States, is not renewing its government contract. Almost 16 million borrowers in total will have their loans transferred to new businesses by next year. Keep copies of all relevant student loan documents now in case they get lost during the transition. Learn more about Personal Finance […]