Student Loan Repayment Deserves a Three-Year Grace Period Instead of Six Months
By Balaji Rajan, CEO of IonTuition Since 1990, I have collected and serviced student loans. Helping borrowers with student loan repayment was enjoyable while Federal Student Aid (FSA) established a “reasonable and affordable” payments program. There were landmark...
Shorter Time to Forgiveness for SAVE Plan
The Biden-Harris Administration announced it will grant forgiveness to borrowers on the Saving on a Valuable Education (SAVE) Plan beginning in February. Borrowers who originally took out $12,000 or less for college and make ten years of payments will have their debts...
Student Loan Repayment Problems Continue for Borrowers
The three-year, COVID-era student loan payment pause officially ended in September. The first payments were due in October. Since then, borrowers have faced long hold times to connect to representatives at their federal student loan servicer, payment processing...
Student Loan Borrowers Seeing Long Wait Times and Billing Errors
Student Loan Statements Mailed Out Late October was the first month in three years that federal student loan payments were due. However, millions of student loan borrowers are expected to miss their first payment following delayed mailing of student loan statements....