Sentences with phrase «private student loan borrowers»

Not much, but the development could mean quite a lot for private student loan borrowers who took out loans a decade ago.

However, this recent development could be some much - needed good news for struggling private student loan borrowers who took out loans before the financial crisis.

In reality, only about 10 % of private student loan borrowers qualify without a cosigner.

Also, few private student loan borrowers provide an option to extend repayment to more than 15 years, regardless of the total amount owed.

Also, few private student loan borrowers provide an option to extend repayment to more than 15 years, regardless of the total amount owed.

Private student loan borrowers like you do have options; it just takes some time and research to sort through them and identify which one is right for you.

This means that many private student loan borrowers are taking a considerable risk.

It's unfortunate that private student loans don't come with income - driven repayment plans, but that doesn't mean private student loan borrowers are without options.

We wrote a report in 2009 about the lack of relief for financially distressed private student loan borrowers.

This would have the biggest impact on private student loan borrowers.

There is some good news for private student loan borrowers stuck in a variable rate loan.

Meanwhile, 61 percent of private student loan borrowers had trouble dealing with their student loan servicer, while 35 percent struggled to repay their loans.

It can also be an option for private student loan borrowers, although the terms and conditions differ from one lender to the next.

The same is true with private student loan borrowers who may be facing temporary hardship and looking for an alternative repayment option to get through tough times.

Private student loan borrowers like you do have options; it just takes some time and research to sort through them and identify which one is right for you.

deceived private student loan borrowers about requirements to release their co-signer from the loan

They did a lot of questionable practices such as processed payments incorrectly, deceived private student loan borrowers about requirements to release their cosigner from the loan, illegally cheated many struggling borrowers out of their rights to lower payments which caused them to overpay for their student loans and created obstacles to repayment by providing wrong information.

In general, many of the complaints from private student loan borrowers are arrestingly similar in nature to the troubles faced by struggling homeowners when dealing with their mortgage servicers.

For example, 91.1 % of undergraduate private student loan borrowers do not borrow from the PLUS loan program (89.1 % at 4 - year institutions), 22.7 % do not borrow from the Stafford loan program (19.5 % at 4 - year institutions) and 21.7 % did not borrow from either program (18.4 % at 4 - year institutions), based on FinAid's analysis of the 2003 - 04 National Postsecondary Student Aid Study.

The following table shows the percentage of undergraduate private student loan borrowers who do not borrow from the Stafford or PLUS loan programs who have a given characteristic.

However, this recent development could be some much - needed good news for struggling private student loan borrowers who took out loans before the -LSB-...]

Though a Fed rate hike won't affect current student loan borrowers with federal loans, unfortunately, that's not the case for most private student loan borrowers.

Only private student loan borrowers or those who have refinanced to a variable rate loan may see an impact from rising interest rates, but it's likely to be very small.

Madigan reportedly settled with Westwood College for $ 15 million which covered private student loan borrowers at the university.

One of which involves the Private Education Loan Ombudsman Act which provides an advocate to private student loan borrowers with debt issues.

She cosponsored different pieces of legislation that would boost the private student loan refinancing market to save private student loan borrowers thousands.

Private student loan borrowers report difficulties in getting affordable repayment options during times of financial distress, such as unpaid parental leave or employment furloughs.

Senators Shelley Moore Capito and Gary Peters reintroduced the Federal Adjustment in Reporting (FAIR) Student Credit Act, bipartisan legislation that aims to assist private student loan borrowers who default on their loans, according to a press release from Gary Peters.

Unlike federal loans, which can be rehabilitated one at a time to repair a borrower's credit, there are currently no options available for private student loan borrowers in default.

In 2016, both federal and private student loan borrowers filed nearly 3,000 complaints against the company to the CFPB.

In terms of repayment options available to student debtors, 43.74 percent of private student loan borrowers selected full deferment until after graduation.

Given its limelight this year, it wasn't surprising to see that Navient received the most complaints overall; 61 percent of complaints from both federal and private student loan borrowers involved Navient.

The CFPB has received a number of complaints from private student loan borrowers, indicating that market participants may not always have adequate proof that they own a loan that is allegedly in default, as well as complaints of improper — and potentially illegal — conduct when active - duty servicemembers seek their legal right to an interest rate cap on their student loans.

4) Deceived private student loan borrowers about requirements to release their co-signers from their loans:

Other complaints against the student loan giant include not informing borrowers of important income - driven repayment plan application deadlines, deceiving private student loan borrowers about the eligibility requirements to release a cosigner, and incorrectly reporting that disabled borrowers had defaulted on their loans when they were actually forgiven.

Many private student loan borrowers have taken a significant risk by selecting variable interest while the Federal Reserve has very publicly signaled that higher interest rates are on the way.

«Struggling private student loan borrowers are finding themselves out of luck and out of options.»

However, private student loan borrowers do not have these protections, complicating the repayment scenario for a struggling borrower.

This compares with 88.2 % of private student loan borrowers applying for federal student aid (89.6 % at 4 - year institutions).

There's no doubt that refinancing can be helpful for private student loan borrowers, but given the repayment flexibility and loan forgiveness options the federal government provides, it's a tougher decision to make regarding federal student loans.

In fact, a 2015 report found that 90 percent of private student loan borrowers who applied for a co-signer release were rejected.

New legislation could be good news for private student loan borrowers, particularly if you have a co-signer.

If you're a private student loan borrower, petition your lender for a lower rate.

According to the most recent report by Consumer Financial Protection Bureau (CFPB) from 2014, private student loan borrowers are finding out they are in default on their loans after the death of their cosigner.

Both federal and private student loan borrowers have options when it comes to secondary repayment options, although the methods and advantages to doing so differ between the two categories of lenders.

We have also written about the need for more relief for private student loan borrowers.

Because of this, refinancing can be a good option for private student loan borrowers or for those with a combination of federal and private student loans.

In addition, private student loan borrowers are not eligible for consolidation.

Federal and private student loan borrowers can consolidate their loans into one monthly payment.