Sentences with phrase «loans on behalf of the federal government»

But government regulators, lawmakers and consumer advocates have voiced a host of concerns about the practices of companies that collect payments on student loans on behalf of the federal government and private lenders.

Student loan companies have argued that because they service loans on behalf of the federal government, they shouldn't have to comply with state regulations.

Not exact matches

A debt collector seeking to recover a private student loan does not work for, represent, or collect on behalf of the U.S. Department of Education or any other branch of the federal government.

He however stated that this was not unconnected to the letter they submitted on behalf of the governor at the Chinese Embassy, Abuja seeking the stoppage of the $ 2 billion loan sought by the Federal government.

California's state attorney general filed a parallel complaint in the U.S. District of Northern California on behalf of 13,000 Corinthian students waiting for the federal government to forgive their loans.

Federal Family Education Loans are made by private lenders on behalf of the federal goveFederal Family Education Loans are made by private lenders on behalf of the federal govefederal government.

While we offer these loans, we are not acting on behalf of, or under the direction of The Department of Veteran Affairs, HUD, FHA, The department of Agriculture, or the Federal Government.

Federal student loans are supposed to be forgiven if the feds determine a school defrauded its students, consumer attorneys say, but that still hasn't happened, according to the Project on Predatory Student Lending, a legal clinic at Harvard University that is suing the federal government on behalf of Dieffenbacher and thousands of other former Corinthian College stFederal student loans are supposed to be forgiven if the feds determine a school defrauded its students, consumer attorneys say, but that still hasn't happened, according to the Project on Predatory Student Lending, a legal clinic at Harvard University that is suing the federal government on behalf of Dieffenbacher and thousands of other former Corinthian College stfederal government on behalf of Dieffenbacher and thousands of other former Corinthian College students.

This is because the federal government backs all VA Loans and assumes the risk on behalf of the borrower that is typically covered by the PMI.

A federal student loan enters default when a borrower fails to make a payment on it for 270 consecutive days.9 When this happens, the borrower's loan is transferred from the student loan servicer — a private contractor responsible for collecting payments on behalf of the federal government — to the Debt Management Collections System.10 Borrowers then have 60 days to come to a repayment arrangement with the Education Department.

You might find that you have a Navient student loan after graduation; this simply means that Navient acts as the loan servicer on behalf of the federal government.

This is because the federal government backs all VA Loans and assumes the risk on behalf of the borrower that is typically covered by the PMI.