Recent Developments in Student Loan Collections On April 21, 2025, the Department of Education made a significant announcement: as of May 5, 2025, it will restart efforts to collect on student loans that have fallen into default. Key Insights at a Glance If you neglect to make payments on your student loan, either the lender… Read More »
Understanding Correspondent Lenders Correspondent lenders stand apart by originating, underwriting, and funding mortgages, only to later offload these loans to other financial entities or investors. Unlike lenders who hold onto mortgages and collect interest over time, their primary business involves selling the loans once originated. Revenue streams for correspondent lenders typically include origination fees charged… Read More »
Unpacking the Beneficiary Concept in Finance Opening nearly any financial account — be it a bank account or a legal contract — usually nudges you to designate someone who’s meant to reap the benefits on your behalf. This individual or entity, known as the beneficiary, can range from a single person to multiple folks or… Read More »
Quick Highlights Begin by pinpointing your core banking priorities: checking, savings, CDs, or niche financial services. Digital-only banks often dish out fatter APYs but trail in physical branch presence. Dodge banks loaded with needless fees — average overdraft charges hover around $26.77, yet plenty of institutions provide fee-free alternatives. Explore both traditional banks and credit… Read More »
Roughly 200 days into the Trump presidency, officials at both 1600 Pennsylvania Avenue and the Education Department set out to revamp higher education—and especially the tangle of student debt repayment. Only once did they lean on sweeping legislation—the ambitious One Big Beautiful Bill Act—to push through substantial reforms. Since the calendar flipped to January, lawmakers… Read More »