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My student loans were part of the 2010 deal that sent $28 billion from Citi’s federal student loan portfolio to Sallie Mae. At that same time, Discover also took over more than $4 billion in ...
In the meantime, Townsend recommended current and future student loan borrowers spend loan money only on the essentials, consider less expensive higher education options, and borrow as little ...
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]
This benefit has grown as education debt has increased. According to the Washington Post, student debt has nearly tripled since the early 1990s and averaged $35,000 in 2015. [2] Only about 3% of companies currently offer employer student loan contributions, according to a survey by the Society for Human Resources Management from June 2015. [2]
This won’t help you pay off your student loans. But it’s a good idea anyway. If your employer offers this benefit, they’ll match any student loan payment you make with an equal contribution ...
In 2010, Citibank sold off its student loan unit, and has since stopped servicing the last of the private loans it had on the books. Skip to main content. Sign in. Mail. 24/7 Help. For premium ...
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