Items Tagged with 'Student loan'

ARTICLES

  • FTC warns lenders: Do not lie in loan refinancing ads

    SoFi might not be the only one
    In the wake of taking action against SoFi for allegedly lying in its ads about how much borrowers can save by refinancing their student loans with the online lender, the Federal Trade Commission is also warning other lenders to not engage in similar activity. To that end, the FTC is sending letters to an unknown number of lenders, warning them that they may be subject to a regulatory action should they be found to be engaging in false advertising.
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  • FTC accuses SoFi of lying about loan savings in misleading ads

    Online lender allegedly overinflated savings claims on student loan refinances
    For more than two years, SoFi has been making misleading claims in its television, print, and online advertisements and lying about the amount of savings its loan refinancing programs would bring to borrowers, the Federal Trade Commission said Monday. According to the FTC, SoFi “deceptively advertised inflated figures” about loan refinances, basically claiming that it could save borrowers far more than is actually the case.
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  • LendingTree acquires Student Loan Hero

    LendingTree plans to increase its presence in the student loan space
    LendingTree closed on the acquisition of Student Loan Hero, a personal finance website that helps borrowers manage their student debt. Student Loan Hero is led by CEO Andrew Josuweit, who founded the company in 2012 to help manage the nation’s immense student debt burden.
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  • Student debt crisis deepens as Gen Z enters college

    Nearly 40% unsure if they can pay back debt
    As the oldest members of Generation Z turn 23 this year, they are now fully into or even past their college years, but the bad news is the student debt crisis is only continuing to worsen. A new study from LendEDU found Gen Z may be less than prepared to deal with their debt after graduation.
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  • [Exclusive Chart] Student loan crisis could be worse than originally thought

    Nearly 40% of those who entered in 2004 could default by 2023
    Homebuyer demand exploded in 2017, and is expected to continue to surge in 2018 despite rising home prices, low inventory levels and increased competition. However, as Millennials increasingly enter the housing market, one factor stands above all the rest, blocking the path to homeownership: student debt.
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  • Lennar targets Millennials with mortgage that pays off their student loans

    Lennar subsidiary Eagle Home Mortgage offers unique lending product
    A recent study showed that mounting student loan debt is holding Millennials back from buying homes – for seven years. But one homebuilder is trying to make that seven-year delay go away. Eagle Home Mortgage, a mortgage lender and a subsidiary of Lennar, announced Tuesday that it is rolling out a new mortgage program that will help homebuyers pay off their student debt.
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  • Some states implement student loan disclosures

    Provide students with expected, future monthly payments
    As student loans soar and continue to block first-time buyers from owning a home, some states took action to require more disclosure. Studies show keeping up with how much they owe in student loans is not college students’ strong suit, but keeping up with that could get easier in some states.
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  • Household debt to hit new record in 2017

    All categories of debt increased in Q4
    Household debt is set to hit an all-new high in 2017 after showing the largest increase in over a decade. Mortgages made up the majority of household debt in 2016, however student debt is also on the rise.
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