Graduation season is in full swing and many grads will soon be busy working on their budgets and mapping out their financial goals as they enter the workforce. This time of transition may be accompanied by stress and anxiety about money, especially if the grad is considering relocating for a new job or moving into their own apartment for the first time.
Two days before the presidential inauguration, the Consumer Financial Protection Bureau announced it had filed a lawsuit against student loan servicing giant Navient. The announcement made headlines and caused a lot of concern among student loan borrowers, especially those with loans that Navient services.
A recent lawsuit filed by the U.S. Consumer Financial Protection Bureau accused Navient Corp., the nation's largest servicer of both federal and private student loans, of systematically misleading borrowers by providing them with bad information, processing payments incorrectly and using deception to direct borrowers away from plans offering lower monthly payments.
With President Donald Trump's election and a Republican-controlled Congress, there may be several changes this year in Washington that could impact your student loans. Here are 7 student loan changes to watch for in 2017 and what you need to know.