Student Loans, Auto Loans Drive Consumer Borrowing Surge
Consumer borrowing to a record high in February, fueled by a large jump in auto and student loans. The value of non-revolving debt climbed by the most since July 2011. Collection & Credit Risk
Student Loan Refinance Bill Resurfaces
U.S. Sen. Sherrod Brown, D-Ohio, announced his ongoing co-sponsorship of legislation aimed at allowing people with outstanding student loan debt to refinance at the lower interest rates offered to new borrowers. The measure has resurfaced in the 114th Congress. Collection & Credit Risk
Bill Aims to Remove Student Loan Bankruptcy Exemptions
Private student loans would no longer be exempt from protections when borrowers file for bankruptcy, under a bill introduced in the U.S. Senate. Collection & Credit Risk
Student Debt Relief Plan Unveiled
A presidential memorandum signed Tuesday directs federal agencies to overhaul the way Americans repay their student loans, the latest move in a series of steps the Obama administration is taking to promote college affordability and access. Collection & Credit Risk
NY Fed Team Tackles Student Loan Debt Impact
Student loan debt remains a pressing concern in the U.S. because of high balances and high rates of delinquencies and defaults. The issues have been discussed in recent blog posts by the Federal Reserve Bank of New York’s Liberty Street Economics team. Collection & Credit Risk
Former Sallie Mae Execs Open Student Loan Financing Firm
Two former Sallie Mae executives have started a new student loan financing company. Collection & Credit Risk
B of A Bids Adieu to Its Student Loans (Or Does It?)
Bank of America is poised to exit its student loan portfolio, as banks reduce their red-tape-heavy assets and redeploy cash to create loan growth elsewhere. Collection & Credit Risk
Seeking answers for struggling student loan borrowers
Thousands of borrowers have told us their stories on how they manage tough times with their student loans. Some students ended up borrowing much more than they expected in order to complete their degree, often because a parent lost a job in the midst of the financial crisis. Others had a tough time finding a [...]
Warren Plans to Push GOP on Student Loan Debt
U.S. Sen. Elizabeth Warren, D-Mass., plans in 2015 to continue her focus on student loan debt and the potential long-term problems it poses to the economy despite now facing a Republican-controlled Congress. Collection & Credit Risk
A New Year’s resolution to conquer your student debt
Each year, nearly 5 million college students leave school with student debt. For most of them who graduated this past spring, their six-month “grace period” just ended and those first bills have just have arrived. For all of you faced with student loan payments and crafting New Year’s resolutions to conquer your debt, we’ve put [...]
