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Student Loan Borrowers May Get More Time Without Having to Make Payments

A recent change in student loan servicing could work in borrowers favor.
The Pennsylvania Higher Education Assistance Agency which oversees loans of 8.5 million student borrowers announced this month that it would not renew its contract with the federal government when it ends in December. All those borrowers, as a result, will need to be matched with a new lender.
It would be confusing for PHEAA borrowers to restart repayment on Sept. 30, only to change servicers on Dec. 14, said higher education expert Mark Kantrowitz.
It would be better to combine both changes so that they occur at the same time.
There were already signs that the White House was considering an extension. ....

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Sen. Warren says borrowers can 'breathe a sigh of relief' after major servicer drops out of federal student loan program

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Sen. Warren says borrowers can breathe a sigh of relief after major servicer drops out of federal student loan program
Aarthi Swaminathan
This story has been updated to include a statement from the Education Department.
The Pennsylvania Higher Education Assistance Agency (PHEAA) a national student loan servicer that has been criticized for failing to forgive the debts of public servants is planning to exit the federal student loan servicing business in December of this year.
PHEAA, which administers the Public Service Loan Forgiveness (PSLF) program and operates as FedLoan Servicing, has notified the Education Department (ED) that it would not seek a renewal of a 12-year federal student loan servicing contract, which expires on Dec. 14, 2021. ....

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Dayton Air Show preps for take-off next weekend

Dayton Air Show preps for take-off next weekend
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With Student Loan Payments Set to Return, Here's How to Get Help

With Student Loan Payments Set to Return, Here's How to Get Help
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Student loan payments coming back

For 42.9 million student loan borrowers, it’s been 18 months without a payment. That. ....

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