"Student loan borrowers promised lower payments are in a holding pattern as courts decide the fate of the payments," Investopedia reports.

... "Megan Walter, senior policy analyst with the National Association of Student Financial Aid Administrators, said that student loan borrowers should ensure that any communications come directly from the Department of Education."

"'Be extra diligent about scams right now,' Walter said. 'When there's all this confusion and uncertainty about what's going on with loans is when the telemarketers, the fraudsters, really start to strike, especially via telephone.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 6/30/2024