Obama set for ‘executive action’ on student loans

Obama set for ‘executive action’ on student loans

President Barack Obama is prepping new executive steps to help Americans struggling to pay off their student debt, and throwing his support behind Senate Democratic legislation with a similar goal but potentially a much more profound impact. Obama on Monday will announce he’s expanding his “Pay As You Earn” program that lets borrowers pay no […]

Sorry for your loss. Now, pay off your student loan

Many borrowers are not aware of a clause in their contracts

Sorry for your loss. Now, pay off your student loan

Some student loan borrowers who had a parent or grandparent co-sign the note are finding that they must immediately pay the loan in full if the relative dies. The Consumer Financial Protect Board says lenders have clauses in their contract that explain this could happen, but many borrowers are not aware of them. The agency’s […]