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Sallie Mae

U.S. regulator to keep an eye on largest student loan servicers

The U.S. consumer financial watchdog will soon start supervising the seven largest student loan servicers to ensure they treat borrowers fairly and comply with federal consumer laws, the agency said on Tuesday. The Consumer Financial Protection Bureau has taken a broad interest in the burden of student loan debt, which it says now totals $1.2 […] Continue reading →

Student loan borrowers complain of repayment snags

Federal officials have received more than 3,800 complaints in the last year from borrowers of private student loans, with common problems related to payment processing and requests for loan modifications. The complaints against lenders were documented in a report released Wednesday by the federal student loan ombudsman, Rohit Chopra, of the Consumer Financial Protection Bureau. […] Continue reading →

Dave Says Don't Pay Those Student Loans

Dear Dave, I’ve been working the Baby Steps and doing a budget most months. But how does someone who is single stay motivated and focused with something like this? It feels sometimes like it would be easier if I had someone holding me accountable. Rick Dear Rick, The first thing is to make sure you […] Continue reading →