CFPB Report on Student Loan Debt Highlights Challenges for Older Consumers

In May 2015, the Consumer Financial Protection Bureau launched an inquiry into student loan servicing practices. In light of the increasing number of older Americans paying back student loan debt, they asked to hear about how it’s affecting older consumers.

The CFPB received over 30,000 public comments in response to our inquiry, including a number […]

CFPB Explainer: Scoring Student Loan Servicers

CFPB Explainer: Scoring Student Loan Servicers

The following was originally posted on the CFPB Website, see http://www.consumerfinance.gov/blog/scoring-student-loan-servicers/

This fall, college graduates across the country will start to send payments on their student loans to their servicers. Loan servicers are companies that collect payments on all sorts of loans, including mortgages, auto loans, and student […]

Get Ready to Conquer Your Student Loans – CFPB

The CFPB posted the following blog yesterday on student loans and the difference between federal student loans and private student loans.

Get Ready to Conquer Your Student Loans

More than two-thirds of students who go to college borrow money to pay for it. The average graduating senior has over $23,000 in student loan debt. As […]