Mortgage applications suffered another setback last week as rising interest rates dragged down demand for home loans, according to the Mortgage Bankers Association. For the week ending on July 10, MBA’s Market…
Loan
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Roughly 40% of Americans would likely be denied a private student loan, and most approvals depend on a cosigner. About 84% of private student loan borrowers applied with one in…
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Abe Student Loans Before applying for a private student loan, DR Bank and Monogram LLC recommend exhausting all financial aid alternatives including grants, scholarships, and federal student loans. The Abe®…
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Loan servicers, including MOHELA and Aidvantage, are denying all outstanding SAVE plan applications at the direction of the Department of Education, following the legal settlement that ended the SAVE plan.…
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A new federal lawsuit is trying to answer a question more than 1.5 million student loan borrowers have been asking: did the Department of Education actually cancel the loans it…
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New Repayment Plans, Borrowing Caps, and Higher Rates The biggest overhaul of federal student loans in a generation takes effect today. Under the One Big Beautiful Bill Act, borrowers who…
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A federal judge paused the Education Department’s narrow “professional degree” rule, but the new $100K and $200K federal borrowing caps still take effect July 1. A federal judge has paused…
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Borrowers and advocates watching the American Federation of Teachers v. U.S. Department of Education docket may be wondering where June’s student loan status report is. The answer: there isn’t one,…
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Investment
7.8 Million Student Loan Borrowers Are About to Deal With a New Debt Collector: The U.S. Treasury
The Department of the Treasury is set to take over servicing of $179 billion in defaulted federal student loans owed by 7.8 million borrowers (about 18% of all federal student…
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Earnest Earnest Loans are made by Earnest Operations LLC. Earnest Operations LLC, NMLS #1204917. 300 Frank H. Ogawa Plaza, Suite 340, Oakland 94612. California Financing Law License 6054788. Visit www.earnest.com/licenses…
