Cornerstone loan6/2/2023 How “Cancel Student Debt” Went From A Fringe Idea To MainstreamĮlizabeth Warren And Chuck Schumer: The Next President Must Cancel Student Debt Without Congressĭept. Judge Slams DeVos For Blanket Denials Of Student Loan Forgiveness, Cites “Irreparable Harm” To Borrowersīiden Affirms: “I Will Eliminate Your Student Debt”īiden’s Income-Based Student Loan Plan Would Dramatically Lower Payments For Some - Here’s How That assurance now seems to have been premature. ![]() The Department of Education had assured student loan borrowers that for the time being, “there’s no impact to how your federal student loans are serviced.” Cornerstone was part of those contract extensions as well, but the termination of its contract with the Department has scrambled this timeline. Use our online and mobile banking to view account balances, make transactions, transfer money, pay bills including your loans, get your e-statements, sign up for alerts and notifications, order checks and more. ![]() “We’ve got to first put the tools, technology, and training in place to ensure that you get the right answer with every interaction.”īrown indicated that existing Department servicing contracts with FedLoan Servicing, Great Lakes, Navient, and Nelnet were extended through December 2021, and further extensions for Granite State, Edfinancial, MOHELA, and OSLA Servicing have been extended through March 2022. Online & Mobile Banking CCU offers several ways to make your life more convenient. “Even though we awarded the contracts, these companies won’t start doing this work immediately,” wrote Federal Student Aid’s Chief Operating Officer Mark Brown. ![]() The current servicing contracts were set to expire on December 14, 2020, but in August, the Education Department provided additional details about the servicing overhaul in a blog post.
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