The federal government is ordering student loan servicer Navient to pay a hefty fine aimed at redressing exploited borrowers. The Consumer Financial Protection Bureau (CFPB) filed a proposed order Thursday against Navient, fining the financial firm $120 million and recommending it be permanently banned from servicing federal student loans. Part of that money is earmarked … Read more
A group of Republican-led states has thrown another wrench in the Biden administration’s attempts to reform the federal student loan system. On Thursday, a federal court in Georgia temporarily blocked President Biden’s latest effort to broadly forgive student loans, which was slated to cancel an estimated $150 billion of student loan debt starting as early … Read more
Ads by Money. We may be compensated if you click this ad.Ad Student loan debt has been linked with lower homeownership rates, stunted career growth and delayed retirement savings. So it’s little surprise that many borrowers are eager to be debt-free as quickly and efficiently as possible. Much of what works for knocking out other … Read more