By Stephen Downes - Stephen's Web. One chart that debunks the biggest myth about student loans
Libby Nelson, Vox, 2014/08/18
OK, first of all, people don't actually believe that the average student loan debt is more than $50K, so the supposed 'myth' being busted here is a straw man. Second, by focusing on the average balance the article focuses only on the amount still owing, not the amount that has already been paid back. More...
By Ashley Jost. The Missouri Department of Higher Education released grant funding this month to colleges and universities that applied for extra money to educate students on how to be smart student loan borrowers and how to avoid defaulting.
The Default Prevention Grant Program isn’t new to the state department, as this is the program’s 14th year, but four area institutions are getting the grant funding for the first or second year. More...
By Nick Hillman. Scams, defaults, over-optimistic revenue projections: the UK must look to US lessons on student finance, writes Nick Hillman. Critics of English higher education policy condemn the sowing of American seeds on English soil. But some of these criticisms are so off-target they are counterproductive. No one in their right mind would seek to replicate the US system of funding, and inaccurate rhetoric lets policymakers off the hook. Read more...
Afin de faciliter l’accès des étudiants à l’emprunt, un système de prêts bancaires garantis par l’État a été mis en place pour tous les étudiants qui le souhaitent. Ce prêt ne fait l'objet d'aucune demande de caution ou de conditions de ressources. Le dispositif concerne la Société générale, le Crédit Mutuel, le C.I.C., les Banques populaires et les Caisses d'épargne du groupe B.P.C.E.
Conditions pour en bénéficier
Montant maximal : 15 000 euros
Ce prêt est ouvert à l'ensemble des étudiants sans conditions de ressources et sans caution parentale ou d'un tiers. Avec la possibilité de rembourser leur emprunt de manière différée. Le mécanisme de garantie repose sur un fonds de garantie dont la gestion a été confiée à Oséo - aujourd'hui bpifrance - (une convention de partenariat a été signée le 23 juillet 2008 par le ministère de l’Enseignement supérieur et de la Recherche et Oséo). Sa vocation : encourager les organismes financiers, qui prennent l’initiative de financer la vie de l’étudiant, en leur accordant une garantie partielle des prêts effectués.
Le risque de défaillance est garanti par l'État à hauteur de 70 %. Voir l'article...
The poll from CIBC found that about half, or 51%, of post-secondary students said they would need to borrow money to pay for tuition, living expenses and books. More...
By Linda Nguyen. A poll from CIBC found that about half of post-secondary students said they would need to borrow money to pay for school and almost three-quarters of those expected to owe more than $10,000 upon graduation. More...
By EvoLLLution NewsWire. On Friday, the Obama administration proposed a new set of gainful employment rules that will tighten federal oversight of for-profit colleges and universities if passed into law. The last set of regulations — which included loan-repayment expectations — were struck down by a federal judge in 2012. After that, the Department of Education went back to the drawing board to protect students from low-quality, high-debt programs while keeping access to career-focused programs open. More...
By Sandhya Kambhampati. On Friday, the U.S. Department of Education released new data on student-loan repayment that included figures on loan delinquencies—potentially good news for those interested in how well students are faring when it comes to paying back their loans. The release precipitated an article the following Monday in The Huffington Post by Shahien Nasiripour titled, “Half Of Federal Student Loan Borrowers Not Paying On Time.” More...
By James Charles. Getting a degree from a UK university is an expensive business, but young people are exploring other options. Congratulations to all the A-level students who got the grades they need and are heading to university this autumn. But a growing band of young adults are spurning a conventional British university and pursuing other options, ranging from high-level apprenticeships through to scholarships and degrees from low-fee universities abroad. Read more...
By Phil Hill. I have been very critical of the Brookings Institution report on student debt, particularly in my post “To see how illogical the Brookings Institution report on student loans is, just read the executive summary”.
D’oh! It turns out that real borrowers with real tax brackets paying off off real loans are having real problems. The percentage at least 90 days delinquent has more than doubled in just the past decade. In fact, based on another Federal Reserve report, the problem is much bigger for the future, “44% of borrowers are not yet in repayment, and excluding those, the effective 90+ delinquency rate rises to more than 30%”.
More than 30% of borrowers who should be paying off their loans are at least 90 days delinquent? It seems someone didn’t tell them that their payment-to-income ratios (at least for their mythical average friends) are just fine and that they’re “no worse off”.
Well now the Federal Reserve Board themselves weighs in on the subject with a new survey, at least as described by an article in The Huffington Post. More...
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