California Will Be Fourth State to Sue Navient Over Student Loans

California Will Be Fourth State to Sue Navient Over Student Loans

The legal problems facing Navient, one of the nation’s largest student loan debt collectors, mounted on Thursday as California’s attorney general said he would file a lawsuit accusing the company of widespread deceptions and mistakes that cost borrowers millions of dollars. The accusations echo those in a major enforcement case against Navientthat was started by the Consumer Financial Protection Bureau last year, in the final days of President Obama’s administration. The bureau is still pursuing the case, but consumer advocates fear it will be dropped or settled by Mick Mulvaney, the…

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Student loan cutbacks not expected to land on Trump’s desk this year

Student loan cutbacks not expected to land on Trump’s desk this year

Republicans who were eager to impose new restrictions on federal student lending and loan forgiveness are likely to be stymied this year by Democrats. Photo credit: Shutterstock.com. No more PLUS loans for grad students! Public Service Loan Forgiveness to be eliminated! No more subsidized student loans! If you see some scary-looking headlines like these about legislation making its way through Congress in coming weeks, you can probably take them with a grain of salt. Republicans who were eager to impose new restrictions on federal student lending and loan forgiveness are likely…

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How Postponing Student Loan Payments Raises Costs

How Postponing Student Loan Payments Raises Costs

It may be better to pay at least a small amount towards student debt through income-based repayment programs than to choose forbearance and accrue capitalized interest. (SIphotography/Getty Images) Postponing payment on student loans can be tempting for many new graduates who feel cash-crunched, but doing so can lead to ballooning payments down the road. Borrowers can postpone their monthly loan payments with forbearance, but unpaid interest during forbearance still accrues and capitalizes. This means accrued interest is added to the principal, and the interest will be calculated based on the new, higher balance. “I went the…

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What Happens If You Misuse Your Student Loans

What Happens If You Misuse Your Student Loans

Individuals can be legally prosecuted and face fines or imprisonment in financial aid fraud cases and instances of illegal borrowing. (Getty Images) Many college students make poor decisions with their student loan refunds – spending the money on noneducational purposes, such as spring break vacations and buying new clothes. Accounts of student loan misuse are easy to find – and usually don’t shock the Student Loan Ranger. However, we were surprised by one recently buzzed-about way to spend student loan funds: investing in cryptocurrencies. Such findings may be questionable, but many instances of student loan misuse…

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Ministers under fire as student loan interest hits 6.3%

Ministers under fire as student loan interest hits 6.3%

The rate rise affects students who started after 2012. Photograph: Alamy Ministers are facing renewed criticism over university funding after an increase in student loan borrowing costs using a “flawed” measure of inflation. The interest rate on loans for students in England, Wales and Northern Ireland will rise by up to 6.3% from September, up from the current 6.1% for anyone who started studying after 2012. The change is a consequence of the increase in the retail price index (RPI) for last month to 3.3% from 3.1% in March a…

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How to Get Student Loans When Returning to School

How to Get Student Loans When Returning to School

  If you’re looking to advance your career or increase your earning potential, going back to school for a master’s degree or professional certification can be an important step. However, the cost of returning to school can be expensive. According to education resource Peterson’s, tuition at a public university totals nearly $30,000. A private university could cost you close to $40,000. If you don’t have that much money in the bank, and few people do, you’ll likely have to turn to student loans to cover the bill. How to get student…

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7 Types of Student Loans Offered By the Department of Education

7 Types of Student Loans Offered By the Department of Education

Paying for school can feel like a huge burden, especially as the cost of college continues to increase. Even public universities — typically a much cheaper option than private schools — saw a 7.2 percent price hike during the 2015-2016 school year. With a higher education costing more than ever, finding affordable financing options is essential. One of the best places to start is the federal government. Department of Education student loans tend to have lower interest rates and more generous repayment terms than private loans, making them a smart way…

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Distance learning: the five qualities student teachers need to succeed

Distance learning: the five qualities student teachers need to succeed

International bodies, politicians, policy makers and researchers have always been interested in the way teachers are prepared for the classroom. This is because the quality of a country’s teachers is an indicator of its developmental level. Distance education is often viewed as a way to speed up the process of producing well qualified, good teachers. This approach involves a model in which students are physically separated from the university or training college in question. Students usually communicate with the institution through emails, online learning support systems or occasional face-to-face tutorials. Distance education tends to…

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Ryan School murder case: CBI questions Class 11 student, no evidence against bus conductor

Ryan School murder case: CBI questions Class 11 student, no evidence against bus conductor

Demonstrators protest outside Ryan International School in Gurgaon as they demand action against the school. File photo: PTI New Delhi: A Class 11 student who allegedly wanted the parent-teacher meeting and exams to be postponed has been apprehended in connection with the killing of a seven-year-old boy in Gurgaon’s Ryan International School, the Central Bureau of Investigation (CBI) said on Wednesday. In a sensational twist to the case, the high school student, who is about 16 years old, was apprehended late last night for allegedly killing his junior inside the school,…

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Distance learning: Five qualities student teachers need to succeed

Distance learning: Five qualities student teachers need to succeed

International bodies, politicians, policymakers and researchers have always been interested in the way teachers are prepared for the classroom. This is because the quality of a country’s teachers is an indicator of its developmental level. Distance education is often viewed as a way to speed up the process of producing well qualified, good teachers. This approach involves a model in which students are physically separated from the university or training college in question. Students usually communicate with the institution through emails, online learning support systems or occasional face-to-face tutorials. Distance education tends to be…

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