The students attended institutions with pragmatic names like the Minnesota School of Business and others whose branding evoked ivy-draped buildings and leafy quads, like Corinthian Colleges. More...
Democratic state gains could spark more scrutiny of student loan industry
DEMOCRATIC GAINS IN STATES COULD BOOST SCRUTINY OF STUDENT LOAN COMPANIES: It’s not just newly empowered House Democrats who might be pushing back on Trump administration higher education policies come January. More...
Student loan shake-up puts £12bn hole in public finances
In a stroke of the pen from the Office for National Statistics, student loans will now be treated as part financial asset in the national accounts, because some will be repaid, while part will be classified as government expenditure, as some loans will never be paid back in full. More...
Change in student loan accounting could add £10bn to UK budget deficit
The government faces an extra £10bn being added to its borrowing as the result of a radical shake-up in the accounting for student loans, with experts warning of increased uncertainty over the outlook for university funding. More...
DeVos to Cancel $150 Million in Student Loan Debt
By Andrew Kreighbaum. The Education Department said Thursday that it would carry out part of the Obama administration's 2016 borrower-defense rule, automatically canceling the student loan debt of 15,000 borrowers whose colleges closed between November 2013 and December 2018. More...
The Growing Loan Burden for Parents of College Students
By Andrew Kreighbaum. Parents are taking out bigger loans to pay for their children's college education, a new report finds, and having worse outcomes repaying that debt. More...
Loan Watchdog Starts Group to Fight for Borrowers
By Andrew Kreighbaum. The Consumer Financial Protection Bureau's former top student loan official said Wednesday he was launching an organization to advocate for student borrowers across the country. More...
Court Eliminates Debt of Former ITT Tech Students
By Ashley A. Smith. A federal judge approved a settlement Wednesday that erases more than $500 million in student debt held by former ITT Technical Institute students. More...
DeVos warns of crisis over ballooning student debt
English university given £900k emergency loan by regulator
A university received a £900,000 emergency loan from the higher education regulator in England this year, it has been revealed, in a move that calls into question claims by the regulator that it would not bail out struggling institutions. More...