Citibank admitted on Monday that it is under investigation by the Consumer Financial Protection Bureau (CFPB) over its student loan services.
Tags: Student loan
Joe Biden Announces Another Student Loan Cancelation for 74,000 Borrowers: Here's Who Qualifies
President Joe Biden has announced an additional $5 billion in debt cancelation for some 74,000 student loan borrowers.
Joe Biden Announces Student Loan Cancelation for Some Borrowers
President Joe Biden has announced a new initiative to cancel federal student loans, targeting borrowers with relatively small debts.
Failing to Pay Student Loans Can Indirectly Lead Up To an Arrest
An arrest of Paul Aker, a Houston man with more than $1,500 student loan granted almost 30 years ago, received a lot of attention from the U.S citizens and media. Typically, someone can’t get arrested simply for failing to pay the student loan, but an arrest of someone with a student debt could happen under one condition when the person failed to obey a court order to show up regarding the matter.
Three Steps to Take at the End of your Student Loan Grace Period
Grace period is the time given by the government and other agencies to the student before any loan repayment needs to be done. This period was given purposely to help all students to settle down on and being financially stable before they make another commitment. During this grace period, students need to plan well on how they can tackle the debt as it will help the student to still be financially stable when they start paying the debt.
