increase in the number of employees receiving student loan repayment benefits and a 3.0 percent increase in agencies’ overall financial investment in this particular incentive. The average student loan repayment benefit in CY 2016 was $7,258. During CY 2016, 88 percent of the cost of all student loan repayment benefits was provided by
The law also requires OPM to report to Congress annually on agencies’ use of student loan repayments. During CY 2017, thirty-four (34) Federal agencies provided 10,206 employees with a total of . more than $74.9 million in student loan repayment benefits. Compared to CY 2016, this .
4 Pounding Student Loan Borrowers ©2014 National Consumer Law Center www.nclc.org Government Incentives Drive Collection Agency Behavior and Harm Consumers Recent changes in the compensation system demonstrate the relationship between the incentives and borrower outcomes. The law clearly states that the monthly payment
Student loan debt exceeds credit card debt and auto loans. In a 2016 Consumer Reports survey of people with student loan debt, more than half of those surveyed said they had problems making payments on student loans at least once. My office takes on bad actors that mislead and prey on student borrowers.
Student Loan Debt Burden Mandatory Forbearance Request
agencies in order to verify your identity, to determine your eligibility to receive a loan or a benefit on a loan, to permit the servicing or collection of your loans, to enforce the terms of the loans, to investigate possible fraud and to verify compliance with federal student financial aid program
Student Loan Guaranty Agencies Guaranty agencies are nonprofit organizations or state government agencies that administer the Federal Family Education Loan Program (FFELP). They provide information to students and families about planning for college,
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