article thumbnail

Education Loan Repayment Income Tax Benefits

iSchoolConnect

In today’s times, the increasing cost of higher education in India is costing an arm and a leg and becoming a wearisome obstacle for many potential college students and their families. This is where education loans in India come into play.

Loans 52
article thumbnail

Navient Banned From Servicing Federal Student Loans

BestColleges

A former student loan servicing giant will no longer be allowed to service federal student loans. A federal watchdog has banned Navient from participating in the federal student loan system and levied a $120 million fine on the loan servicing company. billion in private student loan debt.

Loans 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Biden Admin Forgives $1.2B in Student Loan Debt Through SAVE Plan

BestColleges

His administration has now forgiven $138 billion in federal student loan debt through various executive actions. Borrowers enrolled in the newest income-driven repayment (IDR) plan will see over $1 billion in student loan forgiveness. The Department of Education (ED) announced Wednesday that it will soon discharge $1.2

Loans 98
article thumbnail

Foreign education loans | A guide

iSchoolConnect

Exploring Your Options for Foreign Education Loans The appeal of studying abroad continues to fascinate many young minds in higher education. However, the rising expenses of overseas education, which are frequently expressed in dollars, offer a considerable challenge.

Loans 52
article thumbnail

Minnesota Creates Nurse Loan Forgiveness Program

BestColleges

The commissioner of health will annually pay eligible nurses 15% of the average loan debt in their fields. To enroll in the plan, nurses can select a two-year contract between practicing or teaching in higher education. To apply for loan forgiveness, a nurse must provide proof of nursing employment. Minnesota Gov.

Loans 52
article thumbnail

Biden Cancels Another $9 Billion In Student Loan Debt

BestColleges

The Biden administration revealed Wednesday that fixes to existing loan forgiveness options resulted in $9.2 billion in loan discharges. The Department of Education has made a concerted effort to address shortcomings in student loan repayment plans. The Biden administration on Wednesday announced another $9.2

Loans 52
article thumbnail

Student Loan Servicers Were Late on Billing Statements, Miscalculated Payments: Report

BestColleges

The Department of Education will withhold payment to this loan servicer. The Department of Education will withhold payment to one federal student loan servicer due to errors committed by the servicer in recent months. Approximately 28 million borrowers reentered repayment of their federal student loans in October.

Loans 52