25 septembre 2018

Average Loan Debt for Graduates of Four-Year Colleges: $28,650

HomeBy Paul Fain. The average student loan debt last year for graduates of four-year colleges who took out loans was $28,650, according to the latest version of an annual report from the Institute for College Access and Success (TICAS). The average amount was up $300, or 1 percent, from 2016. More...

Posté par pcassuto à 21:21 - - Permalien [#]


Bankruptcy Trustee Sues Feds, Lenders Over ITT Loans

HomeBy Paul Fain. The trustee appointed to oversee the bankruptcy proceedings for ITT Educational Services Inc. is suing the U.S. Department of Education and lenders who backed the failed for-profit chain's private loan program, The Wall Street Journal reported. More...

Posté par pcassuto à 21:16 - - Permalien [#]

24 septembre 2018

Universities face new tax over student loans

By Geoff Maslen. Australia’s higher education institutions face a heavy and unexpected new tax for every student who takes out a federal loan to cover the cost of their studies. More...

Posté par pcassuto à 12:44 - - Permalien [#]

Government doubles student loan numbers

By Esther Nakkazi. The Ugandan government has doubled the number of student loans awarded through the Higher Education Students’ Financing Board (HESFB) with the aim of achieving equitable access to affordable higher education. More...

Posté par pcassuto à 12:35 - - Permalien [#]

DeVos Gets Another Chance on Obama Loan Rule

HomeBy Andrew Kreighbaum. The Department of Education has until Oct. 12 to offer a stronger justification for delaying an Obama-era student loan rule issued to help defrauded borrowers. If it can't do so, the rule will take effect, a federal judge said Monday. More...

Posté par pcassuto à 00:53 - - Permalien [#]


Education Dept. Blocked From Canceling Debt Collection Contracts

HomeBy Andrew Kreighbaum. A federal court last week blocked the Education Department's plans to cancel contracts with debt collection firms handling defaulted student loans. More...

Posté par pcassuto à 00:52 - - Permalien [#]

New Data on Public Service Loan Forgiveness

HomeBy Andrew Kreighbaum. The Education Department received about 28,000 applications for Public Service Loan Forgiveness as of June 30 of this year but so far has approved just under 300 applications for loan discharge, according to new federal data released Wednesday. More...

Posté par pcassuto à 00:50 - - Permalien [#]

New York AG Sues Debt-Relief Companies

HomeBy Andrew Kreighbaum. Telemarketers from several student loan relief companies falsely represented themselves as employees of the federal government and told borrowers they could not enroll in debt-relief programs like income-based repayment on their own, the New York attorney general alleged in a lawsuit filed in New York Supreme Court Thursday. More...

Posté par pcassuto à 00:49 - - Permalien [#]

Study: Default Problem Worse Than Thought

HomeBy Andrew Kreighbaum. The federal government’s primary accountability rule for colleges and universities measures the loan defaults in a cohort of student borrowers within three years of entering repayment. More...

Posté par pcassuto à 00:39 - - Permalien [#]

A Big Payout on Student Loans? There’s an App for That

HomeBy Andrew Kreighbaum. Mobile trivia app promises borrowers a chance to have debt paid. But game, which lets users pay for more chances at points and steers them to corporate partners, alarms some experts. Most users spend $4 a month, but company has imposed a limit of $2,500 a week. More...

Posté par pcassuto à 00:38 - - Permalien [#]