Sentences with phrase «student loan portfolio»

Recently, roughly 6 % to 7 % of the total federal student loan portfolio has been in default, down from around 10 % in the 1990s.

Recognizing the void in parent student loan options, several private lenders have begun offering them as a part of their private student loan portfolio.

The study is an unusually sweeping analysis of the federal government's student loan portfolio going back several decades.

The reports below provide information about the federal student loan portfolio.

Beyond those payments, which are the trees, the forest of a paid - off student loan portfolio looks really, really good, especially when you can say you've reached the clearing and can leave those woods behind forever.

The Missouri Higher Education Loan Authority (MOHELA), one of nine student loan companies that manages the federal government's trillion dollar student loan portfolio, has filed a protest against the Department of Education's plan to choose a single servicer company for handling federal student loans.

Navient bought JP Morgan's student loan portfolio in April 2017, and the Earnest acquisition has already been mentioned.

«While the focus in recent years has been on the mortgage market, lenders will need to keep an eye on student loan portfolios — and on customers who have student loan debt — as the high delinquency rates among these borrowers can spell trouble across multiple products.»

The bank had steadily built its federally - insured student loan portfolio until -LSB-...]

The bank had steadily built its federally - insured student loan portfolio until the Department of Education took control of the federal loan lending program during the student loan overhaul in 2010.

Beginning in 2010, Discover expanded its private student loan portfolio by acquiring more than 800,000 accounts from Citibank.

This federal student loan portfolio includes Direct Loans, Federal Family Education Loans (FFEL), and Perkins Loans with outstanding balances.

The office of Federal Student Aid is responsible for directly managing or overseeing an outstanding federal student loan portfolio comprised of billions of dollars in Title IV loans and representing millions of borrowers.

This is the eighth private student loan portfolio client for ReliaMax, and the company currently insures over $ 2.6 billion in private student loans.

As the government was already backing the loan, there is no risk to the bank in the event of default, but managing student loan portfolios takes a lot of resources, so many banks are happy to unload them when the opportunity arises.

The sale of the federal student loans portfolio allows BND to eliminate numerous regulatory burdens established by the U.S. Department of Education, increase its default prevention efforts and begin the process of updating servicing technology.

Earlier this year SLM Corp. announced that it will be spinning off its high growth, high return on equity private education loan business while the parent company will retain and manage its large student loan portfolio.

With 57,000 borrowers carrying a total of $ 800 million in debt, that portfolio represented as much as 80 percent of the company's total student loan portfolio.

The total federal student loan portfolio rose by $ 79.4 billion in 2016, roughly flat with an $ 80.2 billion increase in 2015.

The Oklahoma Student Loan Authority mainly services federal student loan portfolios owed by students who attended a college or university in the state.

Reliamax chairman and CEO Michael VanErdewyk remarked, «With the latest deal, ReliaMax has steadily grown the volume of its private student loan portfolio channel to $ 340 million in loans.»

Within the past year, ReliaMax announced that it was selected to service and insure thousands of MetaBank's private student loan portfolio according to The Student Loan Report.

Education Secretary Betsy Devos» plan to only have one student loan servicer for federal student loans is being challenged by MOHELA.The Missouri Higher Education Loan Authority (MOHELA), one of nine student loan companies that manages the federal government's trillion dollar student loan portfolio, has filed a protest against the Department of Education's plan to choose -LSB-...]

In his role at FMC, he was responsible for the operations and loan application design, origination, funding and servicing of the GATE and GATE Universal private student loan portfolio.

A similar situation occurred in August when the department canceled a contract that would have allowed a single company to manage the trillion dollar federal student loan portfolio.

«Wells Fargo's acquisition of Wachovia's student loan portfolio was incidental to the acquisition of the bank,» said Kantrowitz, «But it continues to be one of the top three education lenders.»

Citi Student Loan Corporation was sold in late 2010 to Discover Financial and Sallie Mae, with Discover acquiring the private student loan portfolio and the domain name and Sallie Mae acquiring the federal student loan portfolio.

However, a report that was released last week showed that due to the high number of borrowers enrolling in these plans, income - based repayment plans could soon cause the government to begin losing money on their student loan portfolio.

The company, along with Garnet Capital Advisors of New York, assisted in the acquisition of the $ 151 million student loan portfolio.

It also allows for loan payments to be deferred without penalty for borrowers with a temporary disability and it requires banks that give student loans to disclose default rates in their student loan portfolio.

The California Student Aid Commission (CSAC) transferred its student loan portfolio, which was serviced by EdFund, to ECMC.

BISMARCK — Bank of North Dakota (BND) announced the sale and transfer of the federal student loan portion of its student loan portfolio to North Texas Higher Education Authority (NTHEA).

Earlier in 2017, the government sold off a sizable chunk of its student loan portfolio to private investors.

After accounting for operational expenses and discounting back the expected and reliable cash flows for the next 20 years we arrive at a value of $ 25 per share for Sallie Mae's student loan portfolio.

In 2010, the bank sold most of its student loan portfolio to Discover.

An overview of your student loan portfolio is all it takes for us to start working on your behalf.

At the end of Jane's graduate or professional program, her student loan portfolio looks like this:

«The size of the student loan portfolio is massive, and it's growing — second only to home mortgages — and now we are gutting oversight,» said Chris Peterson, a University of Utah law professor who was a top staff member at the bureau.

The Illinois suit alleges, «Beginning over 15 years ago, Sallie Mae began peddling risky and expensive subprime loans to student loan borrowers as loss leaders in order to dramatically boost its student loan portfolio with schools across the country.

(Resource: Federal Reserve Bank of New York Consumer Credit Panel / Equifax, Federal Student Loan Portfolio)

Credit unions have started expanding their student loan portfolios rapidly.

Nelnet currently manages a portion of the government's $ 1.4 trillion student loan portfolio, and the company is profiting from student loans through federal contract.

In 2016, MetaBank selected ReliaMax to service and insure their $ 151 million student loan portfolio.

ACS Education Services was once the only company managing the federal government's student loan portfolio, a system that many said led to customer service failures experienced today.

Last week, the Bank of North Dakota announced it is selling its remaining federal student loan portfolio.

Whoever is chosen by the Education Department to handle all federal student loans would have ultimate authority over the government's student loan portfolio.

He said the company has been pleased by the performance of their student loan portfolio since partnering with ReliaMax last year.

NELNET acquired the student loan portfolio of CHELA in 2005.