STUDENT LOAN PROVIDER MAKES BIG ANNOUNCEMENT | STUDENT LOAN CHANGES IN 2021 #studentloans

STUDENT LOAN PROVIDER MAKES BIG ANNOUNCEMENT | TIPS ON HOW TO MAINTAIN STUDENT LOAN ACCOUNT| STUDENT LOAN CHANGES IN 2021

One of the biggest federal student loan servicers just made a big announcement that might affect you! LaRita talks about how the news will affect you and some steps you can take to make sure your student loans stay up to date. Hint: You may have a new loan servicer in 2022.

Resources:

FedLoan, a handler of millions of student loans won't renew its contract with the federal government
https://www.nytimes.com/2021/07/08/business/fedloan-pheaa-student-loans.html

Granite State Management and Resources is not renewing its student loan servicing contract after December.

https://www.businessinsider.com/student-loan-company-shutting-down-granite-state-management-pheaa-borrowers-2021-7

FedLoan's performance has been criticized, but its departure could be worse for student loan borrowers
https://www.inquirer.com/business/fedloan-student-loan-pheaa-warren-navient-foregiveness-20210718.html

Inside the vicious cycle of spiraling student-loan debt caused by servicers
https://www.yahoo.com/news/inside-vicious-cycle-spiralling-student-121500064.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACgbS3XAsxcGMmt3J7tMNckhyXIJJApCipb0zZ5Bhb7L8FAJWdzSKkwR4_mEhclF0zKSkQNsT7bDO-530Dw8kpQ0TXe0RZ8xalKxt_nnkG-3NhCO8ScXq9GRzQKT62UsrBrAw332zAaPWNLX20BJwoOOrvE-ZHDPu0Apwx5ARRik

Domino effect: Student loan giant loses another case over private debt discharge in bankruptcy
https://money.yahoo.com/student-loan-private-debt-discharge-in-bankruptcy-164424189.html

Public Service Loan Forgiveness
https://studentaid.gov/manage-loans/f...

Special Programs under Fedloan
https://myfedloan.org/borrowers/speci...

Bleak new stats for PSLF
https://www.forbes.com/sites/adammins...

Consumer Financial Protection Bureau
https://www.consumerfinance.gov/pract...

CFPB sues Navient
https://www.consumerfinance.gov/about...

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