The U.S. Department of Education announced it will resume collections on defaulted loans beginning on May 5 for the first time since 2020.

Consolidating debts into one debt, at a lower interest rate simplifies your debt into one debt management and a lower monthly payment. Sometimes talking to your lender can lead to better loan terms.

The template aims to provide much-needed guidance and provide an off-the-shelf starting point for a borrower bank and lender bank looking to document a short-term trade loan via SWIFT. The working ...

The International Trade and Forfaiting Association (ITFA) has released a template to help banks document short-term trade loans issued via Swift MT799 ... whenever a user visits their site in order to ...

Your monthly payment, interest accrual, and eligibility for forgiveness or deferment stay governed by the law and your loan terms, not by which agency’s letterhead is on the billing statement.

Sens. Jeff Merkley and Tim Kaine led an effort to strengthen and expand the SAVE student-loan repayment plan while the GOP tries to strike it down.

Also similar to IBR, a borrower's monthly payment will not exceed the amount the standard repayment plan would require. The same kind of loans as those listed in the PAYE plan — direct ...

If your loan or line of credit has a variable interest rate, your monthly payments may go up if interest rates rise. Read the terms and conditions of the credit or loan agreement carefully. Take a ...

After a pandemic-era pause on federal student loan payments ended in September 2023, the Biden administration offered borrowers a 12-month “on-ramp” repayment plan, which shielded borrowers ...

Approximately 9.7 million student loan borrowers fell behind on their payments after the COVID-19 pandemic-era payment pause ended, according to a new estimate from the Federal Reserve Bank of New ...

IDR plans allow borrowers to make monthly payments based on their income, aiming to give low-income borrowers an affordable repayment option to help them stay current on their loans. On March 19 ...