SLM Corporation, commonly known as Sallie Mae, is a financial services company headquartered in Newark, Delaware. Established in 1972, SLM Corporation primarily focuses on originating and servicing private education loans to students and their families in the United States. Apart from its primary business of student loans, the company also offers retail deposit accounts, incl.uding […]
Read MoreDream Finders Homes, Inc. (DFH) Dream Finders Homes, Inc. operates as a holding company for Dream Finders Homes LLC that engages in homebuilding business in the United States. American Eagle Outfitters, Inc. (AEO) American Eagle Outfitters, Inc. operates as a multi-brand specialty retailer in the United States and internationally. Deckers Outdoor Corporation (DECK) Deckers Outdoor Corporation, together with […]
Read More(Bloomberg) — A majority of borrowers who together hold about $400 billion in federal student debt made no payment on their loans in the pandemic era, taking full advantage of a freeze put in place at the onset of the Covid-19 crisis. Data from the Federal Reserve show that 60% of borrowers who qualified for […]
Read More(Bloomberg) — President Joe Biden is considering forgiving at least $10,000 in student loans per borrower, a promise he made on the campaign trail, through executive action. Here are key data points: $1.75 trillion — the total amount of outstanding student-loan debt in U.S., according to the Federal Reserve. About 92% of that debt — […]
Read MoreThousands more people could soon have their student loan balances wiped clean as the Biden administration works to identify borrowers who are eligible for student loan forgiveness for public service. It’s the latest effort by the Education Department to provide relief for borrowers burdened with billions of dollars in student loan debt. The number of […]
Read MoreFor most, debt is unavoidable during at least one point in their lives – whether it should be in retirement, however, is highly debatable. There are two types of debt: “good” debt and “bad” debt. Broadly speaking, good debt is for necessary, reasonable purchases that will improve your life, such as a low-interest debt for […]
Read MoreThe Education Department rolled out a series of major changes to the troubled Public Service Loan Forgiveness (PSLF) program for student loan borrowers in public service in October, and the level of debt cancellation is topping even the government’s estimates. According to a tweet by Education Secretary Miguel Cardona on Thursday, roughly 10,000 borrowers who […]
Read More3 ways to reduce student loan debt before Biden’s payments freeze ends Americans who were worried about federal student loan payments resuming in October stopped sweating after President Joe Biden’s administration decided to extend the freeze on payments and interest for an additional four months. That means the roughly 42 million federal student loan borrowers […]
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