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Missouri Attorney General obtains $53 million settlement from student loan servicer Navient

Missouri Attorney General Eric Schmitt announced that Navient, one of the nation’s largest student loan servicers, entered into a civil settlement agreement with his office and 38 other states for abuses originating in predatory student loans. The agreement resulted in a $53 million settlement for Missourians: $2.5 million in restitution and $51 million in private […]

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Higher loan limit now available for USDA guaranteed farm loans

The U.S. Department of Agriculture is announcing a higher loan limit will be available for borrowers seeking a guaranteed farm loan starting Oct. 1, 2021, from $1.776 million to $1.825 million. “Farm loans are critical for our customers’ annual operating and family living expenses, emergency needs, and cash flow,” FSA Administrator Zach Ducheneaux said. “Raising […]

Piggy bank With Graduation Cap and money on table or student loan

Advocates press for reform before student loan repayment deadline

In January, student loan borrowers will have to start paying off their loans again, as the pandemic-related pause on payment is set to expire. Now, a new report looks at ways to fix problems in the student loan system. Report co-author Michelle Dimino – senior education policy advisor at Third Way, a public policy think tank in […]

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USDA invests $14 million in rural economic development projects in 10 states

United States Department of Agriculture (USDA) Deputy Under Secretary for Rural Development Justin Maxson announced that USDA is investing $14 million in rural economic development projects in 10 states. “When we invest in infrastructure, we’re investing in the people of rural America to help create thriving communities where they can grow and prosper. These loans […]

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USDA to begin loan payments to socially disadvantaged borrowers under American Rescue Plan Act

The U.S. Department of Agriculture Farm Service Agency published the first notice of funding availability announcing loan payments for eligible borrowers with qualifying direct farm loans under the American Rescue Plan Act Section 1005. The official NOFA will be published in the Federal Register early next week and USDA expects payments to begin in early […]

Trenton Downtown Improvement Association (TDIA)

Audio: With a rich history of improving the downtown area, the Trenton Downtown Improvement Association turns 30

May 16th marked the 30th anniversary of the start of the Trenton Downtown Improvement Association. TDIA Board Member Cathie Smith says the organization began as a partnership between a group of businessmen and the City of Trenton to get a Neighborhood Assistance Program credit grant to redo sidewalks. She considers one highlight of the group […]

Report: Nearly 1 million community colleges don't offer federal student loans

Student loan default rate continues to decrease in Missouri

According to the U.S. Department of Education, Missouri’s three-year loan default rate decreased two-tenths of a percent, keeping Missouri’s rate lower than many of its neighboring states and on par with the national rate. Missouri’s student loan default rate dropped from 9.9 percent to 9.7 percent. The national rate decreased from 10.1 percent to 9.7 […]

Coronavirus (COVID-19) Response

USDA implements measures to help rural residents, businesses and communities affected by COVID-19

USDA Rural Development has taken a number of immediate actions to help rural residents, businesses and communities affected by the COVID-19 outbreak. Rural Development will keep customers, partners, and stakeholders updated as more actions are taken to better serve rural America. Rural Housing Service Single-Family Housing Effective March 19, borrowers with USDA single-family housing Direct […]

Spickard, Missouri

Community of Spickard to pay more for water but customers rates to remain the same

The Spickard Board of Aldermen approved several actions Monday evening regarding loan applications. One involved looking into a loan from the National Rural Water Association to repair the existing pump station. That vote was taken following discussion of a small borrowers loan for wastewater and drinking water needs. City Clerk Amy Chapman reports the city […]

Obama administration: Reduce focus on student loan collections

Missouri student loan default rates continue to decrease

According to the U.S. Department of Education, Missouri’s three-year loan default rate decreased four-tenths of a percent, keeping Missouri’s rate below the national average and lower than most of its neighboring states. Missouri’s student loan default rate dropped from 10.3 percent to 9.9 percent. The national rate decreased from 10.8 percent to 10.1 percent. More […]

Audio: LIFT program to help farmers, small businesses recover, rebuild

State Treasurer Scott Fitzpatrick launched a program named LIFT, Linked Deposits to Invest and Fund a Timely Recovery, for small businesses and farmers hit by weather disasters.     The LIFT program offers higher loans, lowest interest rates and faster approval than the states regular linked deposit program. That’s where state money (from investments) is […]

NCMC - North Central Missouri College

North Central Missouri College student loan default rate continues to decline

North Central Missouri College’s Cohort Default Rate (CDR) continues to decline. The rate is the percentage of a school’s student loan borrowers who began paying on specific federal loans and defaulted within three years. NCMC’s most recent rate is 13.8% which is a decline of two and a half percent from the previous year and […]