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  2. Student Borrower Protection Center - Wikipedia

    en.wikipedia.org/wiki/Student_Borrower...

    History. The Student Borrower Protection Center was founded in late 2018 by Seth Frotman, former student loan ombudsman at the Consumer Financial Protection Bureau; Mike Pierce, former lead higher education and consumer protection adviser at the bureau; and Bonnie Latreille, a former advisor to Frotman at the bureau.

  3. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [ 1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...

  4. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1]

  5. Loan default rates and student loan repayment - AOL

    www.aol.com/finance/loan-default-rates-student...

    Debt and delinquencies could rise. About 40 percent of borrowers missed their first student loan payment in October 2023, according to the Department of Education. Though late or missed payments ...

  6. Educational Credit Management Corporation - Wikipedia

    en.wikipedia.org/wiki/Educational_Credit...

    Educational Credit Management Corporation ( ECMC) is a United States nonprofit corporation based in Minnesota. Since 1994, ECMC has operated in the areas of student loan bankruptcy management and loan collection. ECMC is one of a number of guaranty agencies that oversee student loans for the United States Department of Education.

  7. Student loans: New loan servicers may complicate payment ...

    www.aol.com/finance/student-loans-loan-servicers...

    Around 44% of federal student loan borrowers who begin repayment in October have a new loan service provider, according to the Consumer Financial Protection Bureau, after three loan service ...

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