Author: Kate Webster

Sallie Mae Executive Speaks at Barclays Conference

A Sallie Mae executive recently discussed the student loan industry at the Barclays Global Financial Services Conference. Yesterday, Sallie Mae Executive Vice President and Chief Financial Officer (CFO) Steve McGarry sat down for an interview with Mark DeVries, an analyst at Barclays Capital, as part of the Barclays Global Financial Services Conference.The full transcript of their conversation was published yesterday by the investment website Seeking Alpha.Devries himself was a former employee at Sallie Mae and made note that McGarry became the CFO right after he left the student loan company.McGarry got the conversation started by introducing himself and telling the...

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Fifth Third Bank Starts App to Assist in Student Loan Repayment

A local Fifth Third Bank branch in Chicago, Illinois. The bank recently released their student loan repayment app. Fifth Third Bank, a Cincinnati-based bank, has launched the Fifth Third Momentum app that will assist student loan borrowers in repaying their educational loans as fast as possible, according to a press release published on September 5th.The app works by making automated micropayments to a student loan borrower’s student loan balance. Any student debtor that banks with Fifth Third Bank will be able to link up their Fifth Third debit card with their student loan servicer account. More than 30 student loan...

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Student Loan Email Scam Targeting UK Students

College students in the UK should be aware of a student loan scam that targets student borrowers via email. According to Action Fraud, there is a new student loan email scam in the United Kingdom that is targeting first-year and returning higher education students in the country.The scam operation sends emails to student loan borrowers in which they claim to be the Student Loans Company, the UK Department of Education-owned student loan provider.In the email, the message states that the target victim’s account has been temporarily suspended because of incomplete information. The student debtor is then encouraged to click the...

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U.S. Lawmakers from New York Hold Discussion on Phone Scams

U.S. Senator Kirsten Gillibrand (D-NY), seen here speaking to voters, is pushing for stronger laws related to phone scams.U.S. Senator Kirsten Gillibrand (D-NY) and U.S. Representative Paul Tonko (D-NY) held a roundtable discussion on Sunday, August 27th, to discuss phone scams and the newly proposed legislation to help combat the issue.According to The Daily Gazette, Gillibrand and Tonko, two legislators representing New York in Washington D.C., sat down with a few dozen senior citizens in Saratoga Springs, NY to discuss financial scams targeting certain people. Gillibrand used the opportunity to promote her new legislative piece that would standardize a...

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Senate Candidate From Texas Proposes Student Loan Debt Solutions

Representative Beto O'Rourke (D-Texas), a Senate candidate for the 2018 midterms, on the campaign trail. House Representative Beto O’Rourke (D-TX) used a Saturday morning town hall meeting to pitch some interesting solutions regarding how to fix the student loan debt crisis in the United States.Speaking at the Pearland Independent School District administration building on August 19th, O’Rourke spoke to Texas constituents on why they should vote for him. A member of the U.S. House of Representatives since 2013, O’Rourke announced in March that he would be contesting incumbent Ted Cruz for his senate seat in the 2018 midterm elections.In addition...

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