Educational News

California Regulator Proposes Changes to Student Loan Servicing Laws

Pouneh Almasi, September 15, 2022 On August 30, the Commissioner of the California DFPI issued a notice of rulemaking proposing new regulations and amendments to current regulations implementing the state’s student loan servicing laws. The proposed regulations aim to implement the provisions…

University Credit Union and UC San Diego Announce Partnership In Support of California Higher Education

University Credit Union, September 08, 2022 LOS ANGELES, Sept. 8, 2022 /PRNewswire/ — University Credit Union (UCU) is excited to announce its newest partnership with UC San Diego. The partnership will seek further success within the California higher education sector…

Some Wisconsin borrowers will still need help despite student loan forgiveness

Mallory Cheng, September 9, 2022 The Biden Administration recently announced a plan to forgive student loan debt for millions of borrowers. Student debt in Wisconsin totals $24 billion, according to a 2017 report from the Consumer Financial Protection Bureau. This…

Student Loan Payments Will Resume in January, but You May Have a New Loan Servicer

Courtney Johnston, September 2, 2022 What’s happening If Navient was your federal loan servicer, your loans have been transferred to Aidvantage. Why it matters With the federal loan pause ending at the end of the year, you’ll want to know…

North Carolina says it will tax Biden’s student loan forgiveness, and 3 more states are likely to follow suit

Bevan Hurley, September 2, 2022  North Carolina residents will have to pay state taxes on the Biden administration’s student loan forgiveness, the state’s Department of Revenue says. The White House announced last week a plan to waive $10,000 in federal…

Biden’s Student Loan Forgiveness Could Be Taxable In Some States

Adam S. Minsky, August 29, 2022 The Biden administration has confirmed that student loan forgiveness won’t be a taxable event at the federal level for borrowers. But at the state level, things get a bit more complicated. President Biden announced…

Education Department offers a second chance to 7.5 million borrowers who defaulted on student loans

Annie Nova, August 19 2022 The U.S. Department of Education is giving federal student loan borrowers who’ve fallen behind on their debt a chance to get into current standing. As part of its “Fresh Start” initiative, the 7.5 million student loan…

Student Loan Payment Pause: What To Expect

Zack Friedman, Aug 22, 2022 Here’s what to expect with the student loan payment pause. Here’s what you need to know — and what it means for your student loans. Student Loans This week could be the most significant period in…

California Private Student Loan Collections

Chris Micheli, August 5, 2022 California has a number of formal acts in statute. Civil Code Division 3, Part 4, Title 1.6C.15 provides the Private Student Loan Collections Reform Act, which is contained in Sections 1788.200 to 1788.211. Title 1.6C.15…

Student Loan Forgiveness: New Blockbuster Plan To Cancel Student Loans

Zack Friedman, Aug 5, 2022 Republicans have proposed a blockbuster new plan for student loan forgiveness. Here’s what you need to know — and what it means for your student loans. Student Loans President Joe Biden is days away from…