PYMNTS-MonitorEdge-May-2024

student loans

Student Loan Delinquencies Rise To 9.1 Pct In Q3
Student Loan Delinquencies Rise To 9.1 Pct In Q3
November 18, 2018  |  Loans

Student debt in serious delinquency — 90 or more days — rose to 9.1 percent in the third quarter from 8.6 percent in the previous...

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Online Lender SoFi Sees $12M Loss In Q3
Online Lender SoFi Sees $12M Loss In Q3
November 12, 2018  |  Earnings

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. The...

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Flywire Streamlines Tuition Payments For Indian Students
Flywire Streamlines Tuition Payments For Indian Students
October 18, 2018  |  Faster Payments

Most people know that China is the world-leading supplier of students studying abroad. As of 2017, a little more than 600,000 Chinese students left the country to...

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Why Scratch Says Loan Servicing Needs A Ground-Up Rebuild
Why Scratch Says Loan Servicing Needs A Ground-Up Rebuild
September 27, 2018  |  Alternative Finances

If the world were a more logical place, it would always be easy for a borrower to pay their debts as quickly and easily as...

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US Credit Scores Soar To 704, But Debt Looms
US Credit Scores Soar To 704, But Debt Looms
September 25, 2018  |  Debt

New data shows that as U.S. credit scores hit their highest point since the Great Recession, Americans are also borrowing more than ever. According to...

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Public Service Loan Forgiveness Program Accepts Few Applicants
Public Service Loan Forgiveness Program Accepts Few Applicants
September 21, 2018  |  Loans

To help manage their student loan debts, 28,000 borrowers have sent in 33,300 applications for the Public Service Loan Forgiveness (PSLF) program. However, approximately 99...

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New York AG Sues Student Loan Servicing Companies
New York AG Sues Student Loan Servicing Companies
September 21, 2018  |  Security & Fraud

New York’s attorney general Barbara Underwood on Thursday (September 20) sued ten companies and two executives for tricking student loan borrowers into purchasing student loan...

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A Decade On, Lending Transformed By Crisis And Innovation
A Decade On, Lending Transformed By Crisis And Innovation
September 18, 2018  |  Consumer Finance

Necessity is the mother of invention. Invention can become necessity. And in lending, with the financial crisis in the rearview mirror, a decade on, invention...

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Scratch Mobile App Makes Paying Off Loans Easy
Scratch Mobile App Makes Paying Off Loans Easy
September 18, 2018  |  Mobile Applications

Startup Scratch is working to make paying off student and personal loans simpler for borrowers through an easy-to-use mobile app. Earlier this year, it was...

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