Tag: Career Education

Student-loan companies misled borrowers about whether they were eligible for loan forgiveness, watchdog says

Student-loan companies gave public servants inaccurate information about Public Service Loan Forgiveness, delaying or preventing them from having their student loans forgiven. The watchdog agency found that student-loan servicers, the companies the government contracted to manage the repayment process, left public servants with the impression their loans didn’t qualify for Public Service Loan Forgiveness, even […]

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Do you have to pay taxes on withdrawals from 529 college-savings plans? Here’s how to avoid an unpleasant surprise

Are you among the many who have invested in a tax-favored Section 529 college savings plan for the benefit of a child or grandchild? If you did, it may finally be time to withdraw some money to pay for the account beneficiary’s college expenses. Qualified withdrawals, as defined by our beloved Internal Revenue Code, are […]

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Richard Cordray to oversee America’s $1.5 trillion student loan portfolio

Richard Cordray, the former director of the Consumer Financial Protection Bureau, will oversee the federal government’s $1.5 trillion student loan portfolio, the Department of Education announced Monday.  Cordray will become the chief operating officer of the Department’s Office of Federal Student Aid, which is responsible for a range of tasks related to students’ and borrowers’ […]

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