Strategies to Reduce Student Loan Payments
Discover four simple strategies to reduce the burden of student loan payments, including refinancing, income-driven repayment plans, making extra payments, and exploring loan forgiveness programs. Take proactive steps to manage your student loan debt effectively and lessen the financial impact of your debt burden.
Biden Administration Announces New Student Loan Cancellations and Faces Legal Challenges
The Biden administration has announced a new student loan repayment plan that will benefit 206,000 borrowers, but faces legal challenges from Republican-led states. Despite this, President Joe Biden remains committed to making higher education more accessible. The new plan, part of the SAVE Plan, has already approved the cancellation of approximately 360,000 borrowers, amounting to $4.8 billion.
CFPB Takes Action Against Performance SLC and Performance Settlement for Deceptive Practices
Over 8,500 consumers affected by Performance SLC and Performance Settlement will receive over $10.9 million in compensation due to illegal and deceptive practices. The Consumer Financial Protection Bureau (CFPB) took action against these companies for charging illegal upfront fees and using deceptive tactics. If you have questions about receiving a refund, you can contact performance_info@rustcfpbconsumerprotection.org or call 1 (888) 396-6086.