Today news
About the same in other media
11.08 - 13:45
Student Loan Servicers Told to Hold Off on Sending Billing Statements
Reading now: 815
WASHINGTON—The federal government’s student loan servicing contractors have been instructed to hold off on sending billing statements ahead of an Aug. 31 deadline for ending the pandemic freeze on loan payments, giving companies little time to start loan collection processes if payments resume.
The future of the federal student loan portfolio is in limbo as President Biden considers whether to cancel a limited amount of debt for borrowers whose incomes fall under a certain threshold. The president and his advisers have been debating the issue for more than a year, frustrating activists and progressive Democrats, and putting borrowers, loan servicers and other stakeholders on edge about what happens next.
Read more on wsj.comAbout this in other media
Calls for Rishi Sunak to be more open about finances after silence over loan source theguardian.com /2 years ago
Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral cointelegraph.com /2 years ago
Bill Ackman blasts Visa, saying it has the power to pressure Pornhub to remove child pornography cnbc.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
