Author: Drew Cloud

Maxine Waters Calls for Public Hearing on SoFi’s Bank Charter Application

Congresswoman Maxine Waters (D-CA) has urged the FDIC to hold a public hearing regarding SoFi's bank charter application. On August 25th, Congresswoman Maxine Waters (D-CA) penned a letter to the Federal Deposit Insurance Corporation (FDIC) in which she urged the corporation to hold at least one public hearing regarding SoFi’s application for a bank charter.In June, Social Finance, Inc. formally applied to establish an Industry Loan Company (ILC) with the FDIC. If approved, the banking charter would help SoFi establish a presence in the banking industry by enabling the fin-tech company to offer customers an FDIC-insured NOW account, in addition...

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IRS Data Retrieval Tool Set to Return On October 1st

The IRS Data Retrieval Tool, which made it easier to transfer tax return info to the FAFSA, is set to return on October 1st.Much to the smiles of student loan borrowers across the United States, the IRS Data Retrieval Tool is set to return to the Free Application for Federal Student Aid (FAFSA) on October 1st.The IRS had shut down the Data Retrieval Tool back in March after learning that the tool was being used by hackers and criminals to access the sensitive personal and financial information of student loan borrowers in the U.S.The return date of October 1st...

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Gradifi Has 18 More Companies Sign On For Student Loan Repayment Benefit

Employees at over 130 organizations can now receive student loan repayment benefits through Gradifi.Gradifi, one of the leading companies that offers student loan benefit programs to employers, announced that 18 additional companies are now offering Gradifi’s Student Loan Paydown Plan (SLP Plan).The 18 new companies that have signed on with Gradifi have begun offering the SLP Plan benefit to their employees. The companies began their partnership with Gradifi back in early June.The list of new Gradifi clients includes companies such as Alternatives ABA, Inc., Blach Construction, Bellco Credit Union, and ReadCoor Inc. In addition to the other 14 companies,...

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Top 250 Colleges Offering the Most Undergraduate Financial Aid for International Students

For many international students, attaining an education in the United States is a dream come true. Unfortunately, attending a U.S. university comes at a steep price, steep enough to steer some international students away from coming to this country to earn a degree. That price is seen at a national level; the average college student in the U.S. will graduate with $27,000 in student loan debt. While there are many resources available to help students reduce their student loan debt after graduation, such as student loan refinancing, there are also instances in which a student can be awarded financial aid grants that do not need to be...

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Sallie Mae Gets Multi-Million Dollar Grant From Delaware

Sallie Mae will be renovating their new office in Delaware with the help of the $2.16 million in grant money from the state of Delaware. One of the largest student loan companies in the United States, Sallie Mae, has succeeded in their pitch to get a multi-million dollar grant from the state of Delaware, according to Delaware Online.On Monday, August 14th, Sallie Mae was awarded with a $2.16 million grant from the Delaware Council on Development Finance, which represented the First State. The student loan company was one of three companies that received grant funding from Delaware that day, but...

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