The Teach program was established to encourage teachers to work in critically important teaching positions. Under the program, teachers can receive grant funding, but the grant is converted to a federal loan if the teacher does not complete the required teaching service or fails to comply with paperwork requirements. Public Citizen, a non-profit consumer advocacy organization,...
On April 25th Fannie Mae released 3 new policies that will affect student loan borrowers. The CSLA BOS was pleased to see that Fannie Mae recognizes the negative impact student debt has on the finances of many who have student loans.
Today there are more than 43 million people who have student loans, totaling in excess of 1.2 trillion dollars. As the debt loads have increased, so has the number of people searching for lower payments options.
As if student loan repayment wasn’t complex enough, it’s actually worse. Repaying student loans is far than a simple interest 10, 20 or 30 year loan. The number of borrowers who are fortunate enough to have stable,