Author: Staff

Brown University Promises to Eliminate Student Loans

The John Carter Brown Library at Brown University. The institution recently announced a plan to eliminate student loans.One of the most prestigious universities in the entire world, Brown University, has recently promised to eliminate student loans from any university undergraduate financial aid package.The news was announced via a press release issued by Brown University on September 20th, 2017.The Providence, Rhode Island-based Ivy League institution is promising to replace packaged student loans with grant funds that will not have to repaid. This removal of student loans from financial aid packages is anticipated to impact all of Brown’s 6,500 current undergraduate...

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Sallie Mae and the National Association of Insurance and Financial Advisors Team Up to Offer College Planning Tools

Members of NAIFA attend a conference in Texas. NAIFA and Sallie Mae have joined forces to offer free college planning tools.Sallie Mae, one of the nation’s largest student loan companies, and the National Association of Insurance and Financial Advisors (NAIFA), one of the country’s largest professional organizations, have joined forces to offer a variety of college planning tools to members and clients.The new partnership was recently announced via a press release issued on Sallie Mae’s website.As agreed upon, the partnership between Sallie Mae and NAIFA will supply NAIFA’s network of 40,000 insurance and financial advisors with a plethora of...

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FutureFuel.io Helps Companies Offer Student Debt Repayment as Employee Benefit

A relatively new company, FutureFuel.io, is helping companies offer student loan debt repayment as an employee benefit.Founded in 2016, FutureFuel.io makes the implementation of a student loan debt repayment program easy for employers. Companies that work with FutureFuel.io are able to employ the SaaS platform that enables employers to contribute payments to their employee’s student loan debt total.The company was founded by Laurel Taylor with the goal of lessening the $1.41 trillion national student loan debt in the United States. Taylor was convinced that young Americans covet an employee benefit that works to pay down an employee’s educational debt....

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Universities with the Best Part-Time Work Opportunities

Each and every year, millions of students attend college, working their way academically to a degree. As these students work towards their career goals, they unfortunately accrue impressive levels of student loan debt. This is a problem that many people, current students and graduates, know all too well. And plenty of students are pushed even further to somehow cover part of the cost of college along the way.This leads to thousands of students picking up part-time work to cover as much of the college expenses as humanly possible. It is admirable and necessary for many students, but for some...

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Pennsylvania-Based Transworld Systems Ordered to Pay $2.5 Million As Part of Student Loan Debt Case

A recent ruling by the CFPB, above, ordered Transworld Systems to pay a $2.5 million civil penalty as part of a larger student debt case.The Pennsylvania-based Transworld Systems has been ordered by the Consumer Financial Protection Bureau (CFPB) to pay a $2.5 million civil penalty as part of a larger student loan-related case involving National Collegiate Student Loan Trusts.The news was announced yesterday by the CFPB in a press release issued on their website.In the same case, the CFPB has ordered National Collegiate Student Loan Trusts to pay a minimum of $19.1 million for filing illegal student loan debt...

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