July 7, 2024
Loans

10 Cities Where Student Loan Borrowers Can Afford a House

Feverpitched / iStock.com Student loan debt represents a major monthly expense for millions of Americans – and one they could spend decades paying off. Research from the Education Data Initiative found that the average student loan payment in the United States is $503 monthly. As of March 2024, the average total student loan debt for

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Loans

Student Loan Borrowers May Get Millions After Servicers Accused of Failure

The Consumer Financial Protection Bureau (CFPB) on Monday filed a complaint against two major private student loan servicers, alleging failure to address borrowers’ requests. The CFPB accused the National Collegiate Student Loan Trust (NCSLT), a group of 15 securitization trusts, and the loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA) of failing to respond to

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