Author: Staff

Forbearance & Deferment Guide

Let’s face it – sometimes it is difficult to pay back your student loans right away when you graduate or drop out of college. When this happens, you may struggle to make the required payments on your account and it may stress you out. If you are having trouble affording the payments, you can apply for a deferment or forbearance to help you reduce your student loan payments. Deferment and forbearance are options that either reduce or postpone your federal student loan payments and these options are available to help you avoid going into default on your loans. Below,...

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How to Spot a Student Loan Assistance Scam

Student loan debt in the United States is reaching all-time highs, which has meant borrowers are desperately seeking debt relief. Not coincidentally, a number of student loan assistance scams have popped up around the country. Their promises of full or partial debt relief are understandably appealing, especially if you happen to be one of 44 million student borrowers out there.For a simple upfront payment, could you really be free from debt? Like most deals that sound too good to be true, it likely is. To date, there are over 50,000 complaints to the Consumer Financial Protection Bureau (CFPB) about...

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How to Find Out If My Tax Return Will Be Garnished for Student Loan Payments

Every year, citizens across the United States await what they hope to be a fruitful tax refund, and for many, the wait is rewarding. With the average tax return hovering around $2,700, many look forward to making a big purchase, paying down debt, or even planning their next vacation. Unfortunately, for some, a year’s worth of hard work and taxes paid doesn’t offer them the opportunity to plan how to spend their return.That’s particularly true of federal student loan borrowers who, for one reason or another, default on their student loans and are then required by the Treasury Department...

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Conduent Education Services Review: What You Need to Know

If you’re a student loan borrower whose loans were serviced by ACS Education Services but now they’re being handled by Conduent Education Services, you might want to know more about the change.First, Conduent is a technology-led business process services company formed after a divestiture from Xerox in 2017. Xerox came into the student loan business after it purchased ACS Education Services in 2010. At that time, ACS – a.k.a. Xerox Education Services – serviced federal student loans from 2003 to 2013.Borrowers, however, had many complaints about being overcharged by ACS and denied income-driven repayment options. In November 2016, ACS...

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Can I Lower My Student Loan Payment? Is It a Good Idea?

A monthly student loan payment can be enough to put you in the red, making it difficult to pay for life’s necessities such as rent, a mortgage, utilities, and groceries. For many, lowering the monthly student loan payment is essential, and fortunately there are ways to do that.Consolidation, income-driven repayment plans, and refinancing all represent viable options. Each one, however, comes with its own set of caveats and potential downsides. Determining which option is right for you is essential to making the best decision on lowering your student loan payment.Lower Your Federal Student Loan Payment By ConsolidatingIf you have...

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