Student Repayment Services

Student Repayment Services We focus exclusively on helping individuals with federal student loans.

Some great stories to put how bad the Student Loan Crisis really is into perspective!
06/03/2019

Some great stories to put how bad the Student Loan Crisis really is into perspective!

CNN reached out to some of the people who shared their experiences with the hashtag . Here's what they said.

On Tuesday, the California Assembly passed a first-in-the-nation "Student Borrower Bill of Rights," which aims to protec...
05/31/2019

On Tuesday, the California Assembly passed a first-in-the-nation "Student Borrower Bill of Rights," which aims to protect borrowers with student loans. Sponsored by Assemblyman Mark Stone, the bill, AB 376, primarily targets student loan servicers, which are responsible for collecting student loan payments and managing student loan accounts.

Is a student loan bill of rights coming to California?

Robert F. Smith, the billionaire investor who founded Vista Equity Partners and became the richest black man in America,...
05/20/2019

Robert F. Smith, the billionaire investor who founded Vista Equity Partners and became the richest black man in America, told the crowd that he and his family would pay off the entire graduating class’s student debt, freeing them to begin their next chapter, whether it was a master’s program, a position with Teach for America or an internship at Goldman Sachs, without loan payments to worry about.

Can you imagine?
What a class act by Robert F Smith!

Robert F. Smith, who founded Vista Equity Partners and became the richest black man in America, said that he and his family would pay the Class of 2019’s debt.

According to a letter obtained by NPR, the Trump administration appointee wrote to Sen. Elizabeth Warren (D-Mass.) that ...
05/17/2019

According to a letter obtained by NPR, the Trump administration appointee wrote to Sen. Elizabeth Warren (D-Mass.) that the CFPB was trying to police the student loan system overseeing $1.5 trillion in outstanding debt but was unable to do its job because the Department of Education (DoE) — which is “the largest participant in the student lending market” — had “declined to produce information” that the agency needed.

It looks like the DOE is the one that is making it more difficult for borrowers when it comes to the repayment of the Federal Student Loans!

CFPB Director Kathy Kraninger said the CFPB was unable to do its job because the Department of Education (DoE) had “declined to produce information” that the agency needed.

Student loan game show host and actor Michael Torpey is “excited” about presidential candidate Elizabeth Warren’s (D-MA)...
05/15/2019

Student loan game show host and actor Michael Torpey is “excited” about presidential candidate Elizabeth Warren’s (D-MA) proposal to cancel a broad swath of American student debt.

With over a trillion dollars of outstanding student loans hanging over borrowers’ heads, Torpey — who hosts a show called “Paid Off with Michael Torpey,” where contestants compete for money to pay off their debt — told Yahoo Finance’s On The Move that he was “excited by Senator Warren's plan” because “it attacks the cause of the problem that people that are struggling right now.”

En masse cancellation means that “we're taking care of the people that are out there having a hard time, and we're also trying to fund more of the public schools,” said Torpey.

Student loan game show host Michael Torpey is “excited” about presidential candidate Elizabeth Warren’s (D-MA) proposal to cancel a broad swath of American student debt.

The government sets the annual rates on those loans once a year, based on the 10-year Treasury note, which has also been...
05/11/2019

The government sets the annual rates on those loans once a year, based on the 10-year Treasury note, which has also been on the decline.

The interest rate on new undergraduate Stafford loans will be 4.5% for the 2019-2020 academic year, down from 5% last year. For graduate students, Stafford loans will come with a 6% interest rate, compared with 6.6% now. Rates on Plus loans for graduate students and parents will fall to 7%, down from 7.6% last year.

Always know how much you are paying on your Student Loans and know where your money is going. Very often do borrowers just make interest payment!

The interest rates on federal student loans will go down next year. Here's what you need to know.

According to reporting by the Wall Street Journal, the Trump administration is evaluating options regarding the federal ...
05/08/2019

According to reporting by the Wall Street Journal, the Trump administration is evaluating options regarding the federal government's $1.4 trillion student loan portfolio. This could include but is not limited to, potentially selling all or some federal student loans to private investors. The Education Department has hired consulting firm McKinsey & Co. to evaluate potential losses regarding the federal student loan portfolio.

What do you think about the Federal Government turning your Federal Student Loans that come with government subsidized assistance into Private Student Loans that in no way allows you to work out payments, term or anything that has to do with easing the burden?

What it all means for your student loans.

The latest student loan debt statistics show there are more than 44 million borrowers who collectively owe $1.5 trillion...
05/07/2019

The latest student loan debt statistics show there are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone. According to Make Lemonade, student loan debt is now the second highest consumer debt category - behind only mortgage debt - and higher than both credit cards and auto loans.

This is hard to believe that there are this many older borrowers out there that are struggling to pay off their Student Loans. Many of these borrowers will die before they pay off their loans!

Here's how parents can manage student loans.

"This week, the Republican senator introduced The Leveraging Opportunities For Americans Now Act, or the LOAN Act. The b...
05/06/2019

"This week, the Republican senator introduced The Leveraging Opportunities For Americans Now Act, or the LOAN Act. The bill would eliminate federal student loan interest and replace it with a flat one-time fee paid out over the repayment terms. He laid out an example."

What do you think about this proposed new bill? Do you think that paying a flat fee would be better than accruing interest each month?

Senator Marco Rubio knows first-hand there is a crisis when it comes to student loans in the United States.

In exchange for agreeing to work in low-income schools, aspiring teachers could get federal Teacher Education Assistance...
05/03/2019

In exchange for agreeing to work in low-income schools, aspiring teachers could get federal Teacher Education Assistance for College and Higher Education (TEACH) Grants from the department to help pay their way through college. But those grants were often unfairly turned into loans that teachers had to pay back.
In December, the Education Department proposed a fix. Now, that fix has been expanded, and thousands of more teachers are likely to get help. "We've put teachers who didn't deserve this stress, this pressure, this financial burden in a position that is frightening and confusing," says Education Department acting undersecretary and acting assistant secretary Diane Auer Jones. "I can't give them back those years, and I can't take away the gray hairs and I can't take away the stress. It seems like a small thing to do to say, 'I'm sorry,' but I'm very sorry. And we want to work to fix it and correct it.

This is a huge step for the teachers that we affected by this. To have a Grant turn into a loan is absurd and totally unfair! If you know someone that might be affected by this make sure they READ this so they can get back or be forgiven the money as they are entitled too!

The Department of Education is expanding a fix to its troubled TEACH Grant program, giving millions of dollars of grant money back to public school teachers working in the country's neediest schools.

America's college loan crisis comes to $1.5 trillion worth of debt. But if you think it's only a young person's problem,...
05/03/2019

America's college loan crisis comes to $1.5 trillion worth of debt. But if you think it's only a young person's problem, think again. Many struggles to pay their monthly minimum, like Seraphina Galante, a 76-year-old social worker in San Diego."This is a mountain that I will never be able to climb. I am terrorized," Galante said.

The Student Loan Crisis does not just hit young adults straight out of college, rather it affects much older people than most people can imagine!

"Because of student loans we are literally driving tens of thousands of older Americans into poverty"

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