TL;DR Great Lakes violated the CARES Act by incorrectly reporting that many student loan borrowers had missed payments If your credit score dropped as a result, take these steps to fix it immediately: File a dispute with the credit bureaus File a dispute with Great Lakes To check your score and see what is impacting
Updated March 25, 2020 to include home and auto loans. The Federal Reserve has cut interest rates to nearly zero, leaving many questions about the impact on consumer debt. Learn more about the potential impact on your home loans, credit card balances, student loans, auto loans, and more. The Federal Reserve cut interest rates to
Gone are the days when student loans were left to young people to pay back. Today, repayment plans span generations, and some economists warn high debt levels amount to a bubble on the verge of popping. That means both young professionals and their parents face difficult decisions about managing debt — decisions they often are
Enrolling in a repayment plan can seem overwhelming, but it really comes down to two things. Filling out and submitting the form to all your loan servicers when you first start repayment, and refilling out the form and submitting it yearly for recertification.
If your federal student aid package comes up short, one possible solution is private student loans. Private student loans differ from federal loans in several key ways and before you borrow, you need to understand those differences.
Student loan debt is a well-known issue in the United States. The soaring cost of tuition and issues with income-driven repayment plans have left many borrowers between a rock and a hard place. We might see some light at the end of the tunnel. Several bills currently before Congress could significantly alleviate many of the