Supreme Court Denies to Reinstate SAVE Plan
The U.S. Supreme Court has declined the Biden-Harris administration’s request to reinstate the SAVE Plan following the GOP-led lawsuit which escalated through the court system. The U.S. Supreme Court has said it expects the 8th Circuit Court of Appeals to make a...
The Year Student Loan Repayment Never Started
In November, the Education Department’s Under-Secretary, James Kvaal, reported that only 60 percent of the 28 million student loan borrowers who needed to make payments had made them. But this was on 22 million and not the entire 28 million borrowers. About 4 million...
Gainful Employment Regulations Under Final Review
The U.S. Department of Education’s proposed rules for gainful employment rules and other accountability initiatives are currently awaiting final approval. The OMB’s Office of Information and Regulatory Affairs is expected to approve the request on or before November...
Nelnet and Great Lakes will no longer service federal student loans!
If you have Nelnet or Great Lakes for your federal student loan servicer, you will soon be receiving a new servicer. Nelnet and Great Lakes, which collectively manage federal student loans for approximately 13 million student loan borrowers, will no longer service...