Student loan debt

The U.S. government stepped up collections on delinquent student debt to $2.9 billion last year — or an average of $1,000 from 2.9 million former students and their cosigners, according to the Treasury Department.

The presidential contender’s plan to eliminate more than $1 trillion in student loan debt could have far-reaching implications for credit unions

Earnest hopes offering a streamlined process can help it thrive in a risky niche.

With just $22 million in assets, Manchester Municipal Federal Credit Union has millions in student loans on its books and never recorded a charge-off.

The lawmakers are questioning the agency about its oversight of student loan servicers involved in a federal loan forgiveness program.

The lawmakers are questioning the agency about its oversight of student loan servicers involved in a federal loan forgiveness program.

The 2020 budget would add the Consumer Financial Protection Bureau and FSOC to congressional appropriations, charge lenders for FHA upgrades and require universities to have skin in the game on student loans.

While student, auto and credit card balances are at or near record levels, housing debt is shrinking, credit quality is weakening a bit and lending standards, at least in some sectors, are tightening.

Barclays, BMO, Citibank, Goldman Sachs and ING contributed to the online student lender, which last year made over $1 billion in loans.

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