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Key takeaways. Conduent Education Services was a student loan servicer that closed in 2019, dispersing its student loans to other providers. The Consumer Financial Protection Bureau and the state ...
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The total amount of student loan debt in the U.S. is $1.727 trillion, according to Education Data Initiative. This includes private and federal loans, but the bulk of this debt is from federal ...
Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]
Consolidation loans combine two or more student and/or parent loans into one loan. They are an option for those who find themselves struggling with multiple student loan payments. Consolidation loans are available for most federal loan types, and some private lenders offer private consolidation loans for private education loans. [10]
In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]
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