Author: Kate Webster

UK Has No Plans to Lower Student Loan Interest Rate

An aerial view of Oxford University in the UK. Many student loan borrowers attending Oxford this Fall can expect to see a 6.1% interest rate on loans.According to BBC, the UK government has confirmed that there are no plans to renege on the 6.1 percent student loan interest rate that has caused an uproar in the country.Beginning in the Fall of the 2017-2018 academic year, many students in the UK will be forced to take on student loans that carry a 6.1 percent interest rate, a rather high rate compared to previous student loan interest rates in the UK.The...

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North Carolina Man’s Cell Phone Number Used for Student Loan Scam

A North Carolina man's cell phone number was stolen and used for a student loan scam.According to WWAY, one North Carolina man and his cell phone number have been at the center of a student loan scam.The man, Jesse Hernandez from Brunswick County, had his cell phone number stolen, and that number has since been used to call hundreds of North Carolina residents in the hopes of stealing their money.According to Hernandez, his cell phone number has been being used to target and trick people into paying off their student loans with the scammers. Apparently, the number was hacked...

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Navient Loses Two Dismissal Motions in Student Loan Related Lawsuits

Washington state Attorney General Bob Ferguson's (right) lawsuit against Navient will go to trial after a motion to dismiss the case was rejected. Navient, the largest student loan company in the United States, has lost two separate dismissal motions regarding two separate lawsuits filed against the student loan servicing company.The two losses come after three different lawsuits were filed against Navient in January 2017 by the Consumer Financial Protection Bureau (CFPB), the state of Washington, and the state of Illinois. While the motion to have the Illinois lawsuit dismissed is still pending, the motions for the CFPB case and the...

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Sallie Mae Seeks $2.2 Million Grant to Add 285 Jobs in Delaware

Former Delaware Governor Jack Markell and Sallie Mae executives at a press conference for the newly renovated Sallie Mae corporate headquarters.Sallie Mae, a prominent student loan provider, has ambitions to receive a $2.2 million state taxpayer grant that would greatly aid in the company’s goal to expand and add 285 employees to its Delaware operation, according to a press release from the First State’s official website.If the grant is given to Sallie Mae, the student loan company plans to add 285 new customer service positions over the course of three years in northern Delaware. The addition of those new...

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Student Loan Proposal in Ireland Defeated in Upper House

The Seanad Chamber in the House of the Oireachta, where a recent student loan proposal was rejected. On July 12, the Seanad, the upper house in the Irish legislature, rejected a proposal that called on the government to change Ireland’s student loan system in a number of ways.The motion proposed on the floor of the Oireachtas, the Irish legislature, was defeated in the Seanad, a house similar to the U.S. Senate, in large part due to a coalition of Fianna Fail and Fine Gael, the opposition parties in the country.The bill was proposed by the Labour Party and called on...

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