Sentences with phrase «requiring student loan companies»

Over the past couple of years, numerous local lawmakers imposed a number of different regulations requiring student loan companies to get state - valid licenses and cater more towards borrower instructions.

Not exact matches

These options don't require the services of a student loan debt relief company.

The law required companies to reduce interest rates on student loans to no more than 6 % upon request by service members called to active duty.

The company has been accused of engaging in shady student loan repayment practices, such as forcing consumers to pay a higher monthly rate than is actually required, which leaves borrowers with less disposable income.

All that is required is that you provide the student loan servicing company with a certificate of death, and the loan will be gone.

If payment on credit report is less than (a), a letter, dated within the last 60 - days directly from the student loan company that reflects the actual loan terms and payment information is required to use the smaller payment.

A few loan holders reported to us that they are now requiring that the student loan debt relief companies name the individuals who are authorized to act for the corporation.

What's more, most companies that provide student loans have a minimum required score from applicants.

New York Senator Chuck Schumer announced today that he would push for legislation — called «Andrew's Law» — that would require private student loan companies to forgive outstanding debt if a borrower dies.

Finding a publicly - traded company that will help pay off your student loans requires determining which industry will thrive in the future.

In the state of Washington, six companies offering student loan adjustor services were required to refund all fees paid to the 346 victims — a total bill of $ 162,000.

Raise Loans is very similar to traditional private student loan companies in that they require a credit check and borrowers often need a co-signer since one of their eligibility criteria is that you or your co-signer have to be earning income.

The company provides unemployment protection to their borrowers, so that if an unexpected job loss affects finances, students are not required to pay their loans during that time.

LendEDU analyzes each private student loan provider using the following criteria: communication process with consumers and / or required cosigner, ease of use when applying, clarity of necessary disclosures, availability of 24/7 customer support staff, availability of customer support channels including but not limited to email, phone, fax, and text, competitiveness of interest rates offered at a high level and at a credit profile level, wide variety of terms available, non-financial benefits and services offered, incentives for responsible borrowing, tools to promote educated repayment, relationships with servicing companies, availability of a soft credit check process, experience industry executives, track record of excellent consumer happiness, values upheld by the institutions, and timeline for funding process.

A number of the companies require a consumer to reveal his / her federal student loan PIN number in order to move forward with the service.

And, in some cases, those startups require students to give up «equity» in themselves (which works like a loan, sometimes with interest), a model that may work for companies but has yet to prove itself when it comes to supporting individuals.

The company looks beyond traditional credit data and taps into students» academic data history to expand and enhance loan options, offering loans with better terms that may not even require a cosigner.