DeVos earlier this month rescinded guidance issued last year by then Secretary John B. King Jr. directing the Office of Federal Student Aid to consider servicers' past performance in the awarding of contracts. In the same decision, she withdrew separate guidance issued by former Under Secretary Ted Mitchell laying out a comprehensive set of servicing standards based on guidelines developed in collaboration with the Consumer Financial Protection Bureau and the Department of Treasury. More...

Submitted by Stefanie Botelho. I’m Australian in my 20s, and I dropped out of an arts degree in Sydney a few years ago—though not before managing to rack up a good amount of student debt. I owe just over AU$20,000 (about $15,000 in US dollars). It’s a sizable sum, but I’m not worried—I know it will have about as much impact on my day-to-day life as the national debt. More...

Submitted by Stefanie Botelho. Wall Street pros have dived headlong into dark pools, exclusive private exchanges where they can trade stocks with each other in secret. Now comes an entrepreneur with a new twist: a dark pool for the masses, especially young investors. More...

Submitted by Stefanie Botelho. With confusion swirling about the availability and terms of promised Public Service Loan Forgiveness (PSLF) for millions of student loan borrowers, American Student Assistance, a private nonprofit dedicated to eliminating finance as a barrier to education and the dreams education enables, has launched a national awareness and education campaign, #10YearsZeroDebt, to boost enrollment in the program. More...