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Fitch: US Student Loan Sales May Raise ABS Servicer Risk
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Bank sales of Federal Family Education Loan Program loan portfolios could increase ABS issuance and intensify risks for small, not-for-profit servicers and bondholders, Fitch Ratings says.
 
Finding Help With Your Student Loans
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In their pursuit of higher education, Americans have racked up more than $1 trillion in student loan debt. Government options for reducing student loans Before we talk about the private companies professing to help you wipe out student loan debt, let’s start with the official debt relief options offered by the government. It does offer ways to defer, consolidate or even forgive certain student ...
 
Student loan 'rescue' companies are no lifeline
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As the number of student loans and their amounts continue to rise, so does the number of borrowers looking to lower monthly payments, reduce interest rates, or resolve delinquency or default issues. Some so-called solutions charge high fees for services that borrowers could get elsewhere for free. Others are criminal operations looking to steal identities and money.
 
Watch for Warning Signs of Student Loan Company Scams
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Student loans can be confusing and complicated. Here are three warning signs to look out for when evaluating student loan services. Promising loan forgiveness and extremely low payments: While there are many lower payment and forgiveness options available, especially for federal student loans, they are all strictly regulated and you have to be eligible to benefit from them.
 
Illinois Sues Student Loan Debt Settlement Firms for Illegal Practices
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NEW YORK ( MainStreet ) — Elected officials from Illinois have been at the forefront of seeking redress for its citizens with student loans they can't pay off.
 
A New Hope for Student Loan Defaulters
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A change to the federal student loan program this month presents a huge opportunity to borrowers who have defaulted on their loans from the government.
 
4 Changes Coming to Student Loan Interest Rates, Rules
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Most regulatory changes, including changes to student loan interest rates, are effective on July 1, despite the fact that the federal fiscal year doesn't begin until October 1. This is partially due to a requirement that the Department of Education give advance notice of any proposed regulatory changes, including those dealing with student loans. Federal law mandates that the Department of ...
 
First State Sues Over Student Loan Fraud
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The most frustrating part: Legitimate debt relief similar to that offered by bogus debt consolidators is usually available at no cost to borrowers.
 
Student debt companies are charging vulnerable borrowers for services they should get for free
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Illinois is the first state to sue companies that allegedly duped indebted college graduates into paying for student loan services they could have easily gotten for free.
 
New plan on student-loan defaults eases repayment
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Once out of prison, some inmates feared that if they found a job, debt collectors would come after their paychecks.