Paperwork Puzzle May Mean Debt Relief
Crushing debt is just one of the hurdles many recent college grads face, compounded by a job market ruled by income unpredictability and job insecurity. But unexpected relief may be in sight for certain borrowers. In a stunning report, The New York Times recently reported that billions of dollars in private student loan debt may reportedly be erased because of missing legal documents that have left creditors unable to prove who owns the loans.
Complaints About Public Service Loan Forgiveness Program
Another form of more controlled debt relief—loan forgiveness programs—are under fire. The Consumer Financial Protection Bureau (CFPB) issued a new report that indicates consumers are displeased with how student loan servicers are mishandling Public Service Loan Forgiveness.
The Power of Children’s Savings Accounts in the Northeast
New England is home to rapid growth and innovation in Children’s Savings Account (CSA) policy and practice. Building on previous research, a new case study by Brandeis University’s Institute on Assets & Social Policy (IASP) tells the story of New England’s collaborative, regional approach to CSA development and innovation. It’s wide-reading success: all six New England states have each taken steps toward adopting large-scale CSA programs – Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.