There’s been a great deal of news coverage about federal student loan forgiveness. The fact is, student loan forgiveness opportunities for those in need are already built into existing federal student loan programs.
If you have to take out student loans, it’s important to know how to shop around and compare a variety of options to find the student loan best suited to your needs.
Recent media coverage, court cases, and legislative proposals paint a very misleading picture of student loans. However, independent, federal regulatory data clearly tells a different story.
Servicers have a unique role to play in the federal student loan program as the government’s loan program has grown over time.
This fact sheet gives a high level overview of who servicers are, and their success in driving utilization of income-based repayment plans.