Tag Archive for student loans

Your Money: Now You Can Get Miles for Your Student Loan

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By Reyna Gobel NEW YORK (Reuters) – Dana Friend was skeptical about all the offers flooding her inbox to refinance her student loan with a private company, but what sold her in the end was not the offer to cut her interest rate in half – it was the bonus of 50,000 JetBlue miles. The…

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Servicing Issues May Hamper US Student Loan Forgiveness for Thousands

FILE PHOTO - A graduate's mortar board hat is pictured during a commencement for Medgar Evers College in the Brooklyn borough of New York City, New York, U.S. June 8, 2017.   REUTERS/Carlo Allegri
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By Lisa Lambert WASHINGTON (Reuters) – Nurses, teachers and other public-sector workers expecting their outstanding student loans to soon disappear under a U.S. debt-forgiveness program could be in for a surprise, with a government report on Thursday showing loan servicers may have mishandled the process for many borrowers. President Donald Trump has called for eliminating…

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Education Secretary Seeks Rule Redo for Defrauded College Students

FILE PHOTO: U.S. Education Secretary Betsy DeVos testifies before the Labor, Health and Human Services, Education, and Related Agencies subcommittee of the Senate Appropriations Committee on Capitol Hill in Washington, D.C. June 6, 2017.  REUTERS/Aaron P. Bernstein
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By Lisa Lambert WASHINGTON (Reuters) – U.S. Education Secretary Betsy DeVos on Wednesday called for a “regulatory reset,” and pressed pause on a rule intended to speedily cancel the student-loan debts of people defrauded by for-profit Corinthian Colleges Inc and others, so that it can be rewritten. DeVos said the department is still granting debt…

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Trump to Offer Exclusive Contract to Service US Student Loans

Graduates arrive for commencement at the University of California, Berkeley, in Berkeley, United States May 16, 2015. REUTERS/Noah Berger
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By Lisa Lambert WASHINGTON (Reuters) – President Donald Trump’s administration will soon offer an exclusive contract that will give one company the right to service billions of dollars of outstanding federal student loans now handled by four companies, officials said on Friday. The U.S. Education Department, led by Trump pick Betsy DeVos, said the streamlining…

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