As Navient lawsuits wind their way through the courts, an obvious question lingers: Why would any financial services company run this kind of risk?
Ever hear of the term risk-based pricing?
According to the Consumer Financial Protection Bureau, “lenders offer different consumers different interest rates or other loan terms, based on the estimated risk that the consumers will fail to pay back their loans.”
Said differently, the higher the risk, the higher the rate.
Lenders are perfectly justified in pricing their products […]
If reports are true, Trump's student loan plan may not be as bleak as it sounds... so long as the administration adds some key caveats.
Here's how the Trump administration could help stop (or exacerbate) the student loan debt problem.
There is a fix to the student loan problem: restructure the whole portfolio.
Many private student lenders are making a big push for a piece of the student loan refinancing pie.
Earlier this month, another report on the high rate of student loan defaults once again triggered a great deal of discussion.
You may have heard that the student loan default rate isn't good, but it's probably worse than you realize.
Hillary Clinton unveiled her new and improved plan for making higher education more affordable. Here are some thoughts on it.
It seems that for those who fund their college education with state-sponsored money, the word independence is actually two words: in and dependence.