Tesha McMillon

If you have been watching the news, you know Student loan servicers have been under scrutiny from organizations like the Consumer Financial Protection Bureau (CFPB). They have been staunch advocates for borrowers against deceptive and unethical servicing practices by loan servicers which have defrauded millions of borrowers out of student loan forgiveness. The Department of Education (ED) has made significant changes to “right these wrongs” with their most recent changes and updates to several repayment programs. Every borrower must understand their…

The 2022 Fall semester has just begun. Financial Aid Offices around the country have been busy reviewing students' Free Applications for Federal Student Aid (FAFSA) and creating financial aid awards that students (and parents) have happily accepted. Parents have settled any outstanding balance they owe with their school's Bursar's Office. Students are back on campus, decorating their rooms, catching up with friends, and enjoying their college experience. All seems well until they realize the 2023-2024 FAFSA application is steadily approaching.…

The 2022-2023 academic year is steadily approaching. Mailboxes or emails overflow with aid notification letters of students' financial aid packages from each school listed on their Federal Application for Federal Student Aid (FAFSA). These letters indicate how much financial aid a student is eligible to receive. Part of the financial aid package includes student loans. Loan amounts vary based on your classification (ex. Freshman, sophomore, junior, or senior) and your dependency status (ex. Dependent or independent). Student loans are part…