NEWS

Jun 7 2018

5 Ways to Stop an Administrative Wage Garnishment

#administrative #wage #garnishment,federal #student #loan #wage #garnishment,us #department #of #education,federal #student #loan #default,student #loan #debt,debt #advice,default #student #loans,federal #student #loans,student #loan #default,student #loans,united #states #department #of #education # Your wages are being garnished for a defaulted student loan. You need it to stop. Here s how to stop an administrative garnishment quickly. You’re looking at your paycheck. It’s short. There’s a garnishment. You don’t know what you’re being garnished for so you call HR. The HR rep tells you the garnishment is for a defaulted federal student loan. You’re not sure what to do but you know you need it …

Aug 14 2017

Graph of National Student Loan Default Rates #loan #protection #insurance

#student loan rates # The cohort default rate is the percentage of borrowers who enter repayment in a fiscal year and default by the end of the next fiscal year. The Department issues default rates according to the fiscal year that borrowers entered repayment. For example, the fiscal year 2011 default rate is based on students that entered repayment between 10/1/2010 and 9/30/2011. The Department publishes default rates approximately two years after the fiscal year that students enter repayment. The Department issued the first national default rates for fiscal year 1987 in calendar year 1989. Direct loan data was included …

Aug 10 2017

Understanding Default #loan #deals

#defaulted student loans # Understanding Default What is default? To default means you failed to make your payments on your student loan as scheduled according to the terms of your promissory note. the binding legal document you signed at the time you took out your loan. How is missing a payment a problem? Your loan becomes delinquent the first day after you miss a payment. The delinquency will continue until all payments are made to bring your loan current. Loan servicers report all delinquencies of at least 90 days to the three major credit bureaus. A negative credit rating may …

Aug 8 2017

Dozens of student loan recipients face default after refusing to pay back money #student #loans #without #cosigner

#student loan default # Dozens of student loan recipients face default after refusing to pay back money March 30, 2015: Makenzie Vasquez, from left, Pamala Hunt, Latonya Suggs, Ann Bowers, Nathan Hornes, Ashlee Schmidt, Natasha Hornes, Tasha Courtright, Michael Adorno and Sarah Dieffenbacher, pose for a picture in Washington. Former and current college students calling themselves the Corinthian 100 say they are on a debt strike and refuse to pay back their student loans. (AP Photo/Manuel Balce Ceneta) WASHINGTON Sarah Dieffenbacher is on a debt strike. She’s refusing to make payments on the more than $100,000 in federal and private …

Jul 12 2017

Default Rate on Federal Student Loans Rises Again – The Chronicle of Higher Education #federal #student #loans

#student loan default # Default Rate on Federal Student Loans Rises Again By Michael Stratford September 30, 2012 Washington The percentage of borrowers defaulting on their federal student loans within two years of beginning repayment rose again last year, though some default measurements appear to have stagnated, according to government data released on Friday. Of borrowers who entered repayment from October 1, 2009, to September 30, 2010 (the cohort for the 2010 fiscal year), 9.1 percent had defaulted by September 30, 2011, up from the 8.8-percent two-year default rate set the previous year. But expanding that tracking window by a …

Jul 11 2017

Getting out of Default #interest #only #loan

#department of education loan consolidation # Getting out of Default When placed in default. any William D. Ford Federal Direct Loan (Direct Loan) Program loan or Federal Family Education Loan (FFEL) Program loan that is owned by the U.S. Department of Education (ED) is assigned to ED’s Default Resolution Group for collection. Defaulted FFEL Program loans that are not owned by ED will be assigned to a guaranty agency for collection. For defaulted Federal Perkins Loans, you’ll need to check with the school from which you borrowed to find out about loan repayment. If you are unsure which type(s) of …

Jul 9 2017

Litton Loan Services – REOPro Default Professionals #student #loans #federal

#litton loan servicing # Information Litton Loan Info In order to support the valuation and disposition of real estate properties owned by our clients and investors, Litton has contracted with a network of real estate brokers and agents throughout the country. Litton Loan Servicing LP has launched a new web-based operating system to manage the REO process. This secure website, located at www.littonreo.com. will facilitate and expedite communication to all parties involved in the REO process. Real Estate Brokers and Agents IMPORTANT NOTICE: Clarification to Broker/Agents on Initial Property Services If the asset’s initial assignment date was prior to June …

Jul 6 2017

3 Ways to Reverse Student Loan Default – Student Loans and Paying for College Blog #federal #school #loans

#student loan default # 3 Ways to Reverse Student Loan Default When it comes to paying your federal or private student loans, pretending they don’t exist or ignoring those past due notices is not a smart idea. At the first sign of financial trouble, the best thing to do is contact your student loan servicer. If you have a federal student loan, you may be able to reduce your payments by simply changing your student loan repayment plan. or asking for forbearance or deferment of your loans. Private lenders offer fewer options, but may be willing to reduce your payments …