The rise in tuition fees, compounded by the economic pressures of the pandemic, has significantly impacted students’ financial conditions. New graduates face challenges securing the right job, resulting in difficulties paying off their debts. The U.S. Supreme Court’s decision to nullify President Biden’s plan to forgive up to $20,000 per person in student debt has… Continue reading Supreme Court’s Student Loan Relief Rejection: What it Means to the Borrowers?
Using Omnichannel Communication to Collect Student Loan Debt
In the post-COVID era, student loan debt collection is dominating headlines in the U.S. According to the U.S. Census Bureau, nearly 23 million student loans have accumulated. With student loans gaining temporary relief, the focus will likely shift to repaying these debts. Debt collectors must understand how to engage with students on limited budgets through… Continue reading Using Omnichannel Communication to Collect Student Loan Debt