2 Search results for "loan servicers"

According to a new report from NPR, the U.S. Department of Education is arguing in an internal document that loan servicers should be protected from state rules that are harder on the companies than existing federal law. The internal memo has not been officially released, but it follows several moves which seem to align the […]

President Obama made headlines Tuesday when he announced that he would use his executive power to expand the Pay As You Earn program, one that limits borrowers’ monthly debt payments to just 10 percent of their discretionary income. Under the program, the balance of student loan is forgiven after 20 years — 10 years if […]