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4 novembre 2018

Great Lakes extends student loan default prevention expertise to colleges nationwide

University Business Magazine logoAs the largest federal student loan guarantor, Great Lakes Higher Education Corporation & Affiliates has been helping borrowers avoid and recover from default for over 50 years. Now Great Lakes is making its expertise available to colleges across the country with the nationwide launch of its Cohort Catalyst™ repayment support solution. More...

4 novembre 2018

Student loan, gainful employment rules delayed, official says

University Business Magazine logoThe Education Department will miss a crucial deadline to finalize a regulation on forgiving loans made to students who say colleges used deceptive recruiting, potentially giving those students an extra year of debt forgiveness under more lenient standards. More...

3 novembre 2018

28,000 public servants sought student loan forgiveness. 96 got it.

University Business Magazine logoA program intended to wipe away the student loans of qualifying public servants has rejected more than 99 percent of those who applied, according to a government audit that found that “fragmented” management and “piecemeal” operating instructions had contributed to the failure to forgive more debt. More...

3 novembre 2018

Student Loans Company chair repeatedly ignores question on social media surveillance

Screenshot-2018-4-23 The GardianChristian Brodie deflects inquiries after SLC was found to have gathered evidence from people's Facebook accounts to determine whether or not they needed student loans. More...

1 novembre 2018

Obama Student Loan Rule to Take Effect

HomeBy Andrew Kreighbaum. Federal judge rejects challenge to 2016 borrower-defense rule, clearing the way for new benefits for borrowers, including tens of thousands who attended defunct for-profit colleges. More...

1 novembre 2018

Democratic Contenders Get Ambitious With Equity Proposals

HomeBy Andrew Kreighbaum. Student loan debt has become perhaps the biggest preoccupation of policy makers overseeing the higher education system. More...

1 novembre 2018

Barriers to Loan Forgiveness

HomeBy Andrew Kreighbaum. While just a handful of borrowers have received Public Service Loan Forgiveness so far, the real payouts -- and renewed debates about the program's cost -- still loom. More...

1 novembre 2018

Department of Ed Told to Offer Guidance on Loan Program

HomeBy Andrew Kreighbaum. The Education Department has not provided enough guidance on the Public Service Loan Forgiveness program to borrowers or loan servicers, a Government Accountability Office report found. More...

1 novembre 2018

Navient's Role in Loan Servicing Overhaul

HomeBy Andrew Kreighbaum. Trump administration's list of primary finalists to operate an overhauled student loan servicing system excludes Navient, a large and controversial servicer, which instead is participating in the program as a subcontractor in a team. More...

1 novembre 2018

Student Loan Default Rate Declines Slightly

HomeBy Andrew Kreighbaum. New data released by the Education Department Wednesday showed 10.8 percent of student borrowers who entered loan repayment in 2015 had defaulted within three years. More...

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