Alex’s student loan debt is crushing her. As a Newport News resident, who works two jobs and puts in over 60 hours a week in order to make her $1,300 monthly student loan payments, she is struggling to keep up with the payments. “It’s like I’m in quicksand,” she said. “I can’t take out any […]
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Burdened With Student Loan Debt? Virginia Can Now Help.
Help is on the way for Virginians struggling with student loan debt. In June, Governor Northam signed a bill establishing a Student Loan Ombudsman for the Commonwealth, an office that will serve as a one-stop shop for borrowers to go to when they need unbiased advice on how to navigate their student loan repayments. This […]
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Why Alex Drove 186.5 Miles to Protest Navient
My friend Alex has student loans, like a lot of us. After months of repayment, a new loan mysteriously appeared on her bill and her monthly payments shot up. So she called her student loan servicer, a company called Navient that contracts with the federal government to collect payments on student loans and help borrowers […]
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Student Borrowers and Advocates Protest Navient and Trump Tax Scam
Borrowers and advocates protested student loan company expected to gain $204 million from Trump tax bill This Tax Day, student loan borrowers, advocates from Progress Virginia and Generation Progress, and Virginia Delegate Marcus Simon (D-53), protested outside of Navient’s offices in Reston, VA, to speak against the student loan company’s $204 million windfall from Trump’s […]
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Student Loan Borrowers: Kiss Those Low Interest Rates Good-bye!
Kiss those historically low student loan interest rates goodbye! It’s July. Humidity has descended on Virginia, we’re at the height of crab season, and the federal government has spiked interest rates for student loans. It’s the first time the government has raised rates since 2014. What does that mean for you? If you took out […]
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Digging Deeper into Debt – the Worsening Student Loan Crisis
On April 25, the United States will observe an important anniversary. Unfortunately, it won’t be a day that gives us pride or joy. It’s the five-year anniversary of the day we reached the $1 trillion mark for our collective student loan debt in America. One. Trillion. Dollars. And it continues to grow. It’s now at […]