Edfinancial Services faces penalties after misleading borrowers about student loan forgiveness
The servicer often provided false information to borrowers asking about forgiveness.
2 min read
Mar 30, 2022
Chelsea Wing
Form editor, Student loans
EXPERTISE
- Student loans
- Personal loans
- Home equity
- Debt management
EDUCATION
- Bachelor of Arts in English, University of Iowa
- Certificate in Editing, University of Washington
About the author
Former Bankrate editor Chelsea Wing specializes in student loans, financial aid and college budgeting. Despite growing up in Washington, Chelsea attended the University of Iowa for college — so she understands the realities of chipping away at expensive out-of-state tuition. She is invested in helping students navigate the high costs of college and breaking down the complexities of student loans.
Chelsea currently lives in Seattle. In her spare time, she enjoys writing, travel and musical theatre.
Highlights
Chelsea has edited hundreds of articles for Bankrate and enjoys covering both news pieces and long-form guides. She helped develop the Bankrate Best Value Colleges guide and has monitored student loan forgiveness efforts since early 2020.
Experience
Chelsea has been working as Bankrate’s student loans editor since early 2020. Prior to joining Bankrate, Chelsea was the insurance and finance editor at Reviews.com, where she specialized in covering life insurance.
Chelsea's latest articles
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What is student loan forbearance?
Should you apply for forbearance? In some cases, it may not be the best solution.
4 min read Feb 16, 2022 -
What student loan borrowers should know about the Navient lawsuits
Navient has been dealing with several lawsuits. Here’s how they may affect you.
4 min read Jan 19, 2022 -
The most valuable college majors in 2021, ranked
Engineering majors continue to have high salaries and a low unemployment rate.
6 min read Oct 04, 2021 -
Biden’s stimulus package makes student loan forgiveness tax-free
Borrowers on income-driven repayment plans will benefit most.
2 min read Mar 10, 2021 -
Congressional Democrats push for $50,000 in federal student loan forgiveness
Democrats are calling on Biden to broaden his plans for student loan cancellation.
4 min read Feb 04, 2021 -
How credit mix affects your credit score
When it comes to credit scores, payment history and credit utilization seem to grab the headlines. This is somewhat understandable, since the combination makes up the lion’s share of your FICO score [...]
4 min read Feb 04, 2021