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What Student Loan Servicers Quitting Means For Consumers



You may have heard recently about some student loan servicers quitting. If you have outstanding student loans, you might wonder what that means for you as a consumer. 

We’ll discuss that in the following article. We’ll also cover what a student loan servicer is and why so many of them are getting out of that business at the moment.

What is a Student Loan Servicer?

Student loan servicers are organizations or companies that collect payments on student loans. They also respond to customer service inquiries, process payments, maintain loan records, and so forth. If you have taken out loans to pay off debt that isn’t related to higher education, you’re not going to deal with the same companies that you would as a student borrower. 

There are only a few principal companies that do student loan servicing. If you took out a government-issued student loan, your student loan servicer was probably one of the “Big Four,” which are Great Lakes, Navient, Nelnet, and FedLoan Servicing. The main nonprofit ones are OSLA, MOHELA, Granite State, Cornerstone, and HESC.

Why Are Some of Them Quitting?

Lately, you may have heard that three of the student loan servicers that handled both government-issued and private loans are getting out of the business. Those three are Navient, Granite State, and FedLoan Servicing.

According to a Navient spokesperson, these entities believe that the government was enacting policies that transferred too much risk to the servicers. The company heads thought that the terms and rates were effectively below cost to everyone. 

Several of the student loan servicers believed the system caused confusion, had significant communication challenges, and lacked standardization. If you’re a consumer, though, what does it mean for you that several of these enormous entities are getting out of the business?

The Probable Impact

Three major student loan servicers dropping out of the market soon will impact nearly 10 million borrowers. However, the Department of Education’s Federal Student Aid office says that’s a positive thing. They claim that more stringent restrictions will prevent servicers from misleading borrowers about their options and harassing them.

The borrowers these changes will impact are also consumers. Many of them are now former students. They either got the college degree they sought, and now they’re a part of the job market, or dropped out, but still have to pay back their student loans.

Either way, most borrowers and the remaining student loan servicers seem optimistic about what these proposed changes mean. The servicer shuffling that will take place should streamline the loan payback process. Doing so should reduce the average consumer and borrower’s stress level moving forward. 

There’s Reason for Optimism

Several student loan servicers dropping out of the market is probably not a major cause for alarm if you’re one of the nearly 10 million Americans about to be impacted. The servicers seem to resent the US Department of Education for the changes they want to make. Department of Education reps are pointing the finger back at the servicers for their harassment and poor customer service.

You do not need to concern yourself with that, though. What’s happening are likely positive developments for current or former students, but also consumers in general. That’s because once you get assigned a new student loan servicer, they will need to adhere to stricter regulations. You should have a much better grasp of how much money you need to pay back and exactly when that needs to occur.

You’ll also be able to avoid poor servicing practices, which means fewer headaches. And you can hopefully get a much more accurate overall picture of your finances. With money tight for some individuals and families right now, clarity and transparency are significant benefits.

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write a great essay

Writing an essay is a daunting task. It is pretty challenging to do research work, complete assignments, and work hard on presentations. Students become overwhelmed with the amount of pressure academic tasks bring. Because of this, some students hire essay writing services to do the job for them. Get professional services to lift the pressure from you and make you stress-free. That is why students feel relaxed, as some professional writer ensures the assignment is completed well before the deadline.

Professional Services

Students may feel overburdened due to the number of assignments they are given. All this seriously affects the physical and mental capabilities, and it lowers the overall performance of the students. When you hire an authentic and reliable essay writing service, you take the burden off your shoulders. You place it on someone who is more knowledgeable and an expert in the field. Instead of attempting to do the assignment independently, you ask another experienced writer to write it for you. Professional and expert writers know how to work under pressure and deliver top-quality work within the deadline. Some students search for who can help me write my essay, and they get numerous research writing services. Students can utilize the time to work on other assignments and prepare for the exams. It can help them excel in their studies and work progressively.

Plagiarism-Free Work

One of the gravest mistakes students commit is submitting plagiarized and copied content. In this day and age of the internet, plenty of information is available. To screen information that will help you complete your assignment is essential. You can’t include every bit of information available in your essay. You have to paraphrase content and utilize quotes that will complement your article. In paraphrasing content, some phrases seem copied and lead you to the original article. One poorly paraphrased sentence can spoil the entire essay and make it plagiarized. To ensure your essay is original and unique, it must go through anti-plagiarism software and checks.

Students who succumb to pressure resort to plagiarism inadvertently. It can lead to termination or low grades. To avoid plagiarism, it is best to hire professional services. You will get a ready-made finished product that is error-free and offers unique content. Submit a customized assignment based on your needs and the instructions given by your professor.

Multiple Revisions

You can also hire best essay writing service canada that allows multiple revisions. If the client is not satisfied, they can ask for a revision. Good writing services allow multiple free revisions until the student is delighted with the work. You can talk to the writer and share your reservations with him. If there is any error or the writer has not been able to do justice to the piece, the writer is requested to write the essay again. It allows the complete client authority over the assignment. If at any point, the client seems unsatisfied with the essay, they can immediately ask for a revision.

Most students feel satisfied and contented after their work has been revised. If the client wants to get the work revisited, they can easily do so by contacting the writer through the customer support representative.

Affordable Rates

You don’t have to spend a fortune to get the services of your choice. Some companies provide outclass, top-notch facilities at the most convenient packages. All you have to do is choose the package that suits you the most. Students have limited pocket money. They can hire a cheap essay writing service canada that offers services at pocket-friendly rates. Most writing companies never compromise on the quality of work. They ensure that they have the best team working on your order. Students opt for affordable services so that they don’t have any trouble hiring them. The most significant benefit of essay writing companies is that they will provide you with a finished product that is error-free, well-researched, and free of all grammatical errors.

Saves Time and Effort

Buying papers online or getting the services done requires hard work and effort. People spend hours of hard work to deliver the best essay. Any academic research assignment requires a lot of hard work. Students can easily save time and effort by hiring essay writing services. 

When you hire an essay writing service canada, you don’t have to worry about spending hours in the library, working on your assignment, editing pages, and going through web pages to get your assignment ready on time. With a writing company that delivers quality content, you can safely utilize that time on other things. You can catch up with your friends, spend a day relaxing or working hard for your exams.

You can spend the time just the way you like. It also boosts your level of productivity.

These reasons make an essay writing service so popular among the student community. Hire service and deliver good quality essays, well-researched articles, and top-notch assignments within the given deadline. If there is any ambiguity in your submitted piece, you can ask for multiple revisions free of cost. Get writing services and ensure the best quality content.

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Student Saving Tips



Student Saving Tips

Being a student at college can be the most rewarding time of your entire life. There are new people to meet, fascinating classes to attend, and lots and lots (and lots and lots) of partying to be done at bars, clubs, and the chaotic apartments of your new friends and acquaintances. Living as a student in a city is also pretty amazing: getting involved with political activities is basically inevitable, as is becoming deeply embedded in the arts scene, even if that means going to your fair share of terrible shows and gigs.

That said, there’s one thing about being a student that is universally challenging: money. Being able to do all the things you want means spending money, and when you don’t have money to spare, that can be a huge issue. Here are a few quick and easy tips for saving money as a student.

Be Smart About What You Buy

Though it may be tempting to purchase what you want, when you want, and have the best of everything, that simply won’t fly on a tight student budget. However, that doesn’t mean you have to deny yourself what you need to live. 

The key is to be smart about what you need to buy when you need to buy it. Of course, you’ll need a computer for your classes, but there are plenty of cheap laptops to choose from that will offer you all the functionality at a fraction of the cost. When it comes to clothes, try shopping at thrift shops instead of at the mall – you’ll often find amazing brand items, and you won’t look the same as everyone else at the bar, which is a huge bonus!

Seek Out Student Pricing

Everyone remembers what it was like to be a poor student. That’s why lots of businesses and brands offer student discounts or host special student nights where the prices are lower to help those going through college for the first time have a life without breaking the bank. 

Most cities and university areas have a comprehensive list of these deals; just have a quick search around the Internet and you’ll find that someone has already done the work of compiling them for you. Whether it’s a bar with a special Wednesday two-for-one drinks deal, a restaurant that offers 20% off when you show your student card, or a store that has special giveaways and rewards programs for students only, there are plenty of ways to get a bang for your buck if you’re a card-carrying, poverty-stricken student.

Pick One Night A Week To Stay In

This seems simple to do, but as a student, it can be hard to turn down invites to parties, gigs, or other events. One easy way to make sure you’re not spending too much money – and to make sure you are focused on your studies, too – is to pick one night a week to stay in and stick with it!

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How Work Automation Amplifies Project Management



How Work Automation Amplifies Project Management

Have you thought about implementing work automation or project management software into your business? If you have, then you’re not alone. There are several popular project management software tools out there such as Monday, Trello, Asana and many more. You can even invest in customised tools to suit your unique business needs.

Work automation can improve productivity and make it so much easier for project managers to stay on top of things while working on big-picture tasks instead of mundane, time-consuming admin. Here’s everything you need to know about work automation in project management.

What is work automation?

Work automation is the use of any system that streamlines the work you’re doing. In a factory, it might be the use of machinery to perform repetitive, mundane tasks such as sorting. In an office, it might be a customer relationship management (CRM) program to assist with sales and marketing. For project management, it is likely to be a project management tool that’s used for automation, communication and much more.

Basically, the whole idea is to increase productivity by taking a lot of mundane, repetitive or time-consuming tasks away from humans. That way, they can focus on improving the quality of work or simply performing more impactful duties.

Benefits of work automation in project management

There are plenty of benefits to using work automation in project management. While many people think work automation is just letting computers do the boring tasks for you, it’s a lot more than that. You can improve communication, achieve greater productivity and increase the quality of work. Here are some of the many benefits of work automation in project management.

Increased productivity

For a project to run smoothly, people need to be productive. That’s a given, especially working with strict deadlines and budget requirements. So, anything that increases productivity would be a great idea. Automation isn’t just about reducing admin tasks though. You can use templates and all sorts of automation methods to make all tasks a little bit easier and more streamlined.

The great benefit is that automation also makes things more predictable, especially if you work on a lot of similar projects. Once you’ve put the time into establishing your processes, every subsequent project can run a little smoother. With every task a bit easier, productivity increases drastically.

Cut down the admin tasks

The administrative tasks in most projects can seem overwhelming at times. Whether it’s following up with team members, monitoring task due dates, generating and sending out progress reports or providing other updates, it can almost be a full-time job in itself. Where do you find time to actually manage the project, mentor staff and deal with key stakeholders?

Work automation can take care of all of those routine tasks, which significantly cuts down the admin involved. It also reduces the admin requirements for all your team members, meaning they can be more productive because they’re not worrying about endless admin.

More time for high-level project management

When you cut down all those irritating admin tasks such as sending out reminders and following up on incomplete tasks, guess what happens? You’ve got more time to do high-level strategic tasks that most people would consider more important. For example, you may find you’ve got more time to keep on top of the budget or deal with external stakeholders.

Every project is different, of course, but most people who have obtained program management certification would agree that there are better things to do with their time than sending notifications and generating reports. Your job is to oversee the whole project, juggle a number of different tasks and keep everything running smoothly, so let project management software take care of the mundane tasks.

Improved communication

Work automation tools also have a valuable role to play in project communication. As an example, many project management software programs have the ability to share information on chats or message boards. Everything has a designated place, such as specific chat channels for each task or work area. This improves everyone’s ability to access the information they need and to receive answers to questions quickly.

In addition, communication is more streamlined between team members and project managers. Tasks can simply be checked as ‘complete’ in a software program, which automatically sends a notification to the relevant people. No more wasting time with individual emails, because much of the communication is automated.

Better consistency

You’ll also find that consistency improves with work automation because everything becomes more predictable. When staff have set templates, guidelines and processes to follow, the work is naturally more consistent and less open to interpretation. Basically, when people need to spend less time thinking about the exact processes they need to follow, they can spend more time ensuring the quality of work is high.

In addition, many types of work automation also remove the risk of human error. This is especially true when it comes to data analysis if you’re using some kind of artificial intelligence program. Machines don’t make the mistakes that we as humans do, meaning you can achieve better quality for certain work tasks through automation.

Tips for using work automation in project management

So, you can see how beneficial work automation can be in a project management environment. But that doesn’t mean any old project management software will do the trick. Nor does it mean that every type of work automation is right for your business. Here are some tips to ensure that work automation actually benefits your teams.

Provide proper training to staff

One of the most important things you need to consider regarding work automation is staff training. You’d know yourself that it’s no fun picking up software programs and having to figure them out for yourself. If you did your project management certification online, you would have first been given instructions on how to use the online portals. So, that’s exactly what you need to provide for your project officers.

If you’re implementing new systems for work automation, every person using them needs to be trained in great detail to ensure that work is completed properly. Work automation is great, but it often requires the correct human inputs to make everything flow smoothly. In addition, if you already have work automation in place and you’re onboarding a new staff member, make sure they’re given thorough training.

Limit the number of software programs

The world of technology moves extremely quickly, so there are new tools and software programs available all the time. So, when deciding on how you’re going to achieve work automation, look carefully at the tools you already use. Do they have the capability to perform automated tasks?

If not, and you need to implement a whole new system, try to make everything as streamlined as possible. If you need to use multiple software programs, make sure that they don’t actually make your work harder. Often, too many apps and programs can lead to re-work and duplication. If you can. Try to find software that integrates well with your other systems, and this will increase productivity rather than hinder it.

Ask for feedback from the project team

Finally, like anything you do, ask for feedback! At the end of each project, you should always take time to analyse what worked well and what could have been done better. Your team members can be part of this process and give their thoughts. If there are issues with any of the work automation that was used in the project, you can find ways to improve things in the future.

If you’ve considered work automation for project management, hopefully this article has given you some insight into why it’s a good idea, and also some of the pitfalls to avoid.

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