By Andrew Kreighbaum. Two debt collectors said in separate statements this week that they will not assess collection fees on defaulted student loan borrowers who quickly enter repayment, despite new guidance from the Department of Education. More...
By Andrew Kreighbaum. An analysis of new student loan data finds the number of federal loans in default at the end of 2016 increased 14 percent from 2015. Cumulative defaults -- defined in federal law as nine months past due -- stand at $137.4 billion, according to the analysis by the Consumer Federation of America. Read more...
By Emily Tate. A new study out of Vanderbilt University seeks to quantify loan aversion among different populations. More...
By Jeremy Bauer-Wolf. Whether students attend college at all plays a far greater role in determining the likelihood they’ll buy a home later in life, the report from the Federal Reserve Bank of New York indicates. Home ownership rates are higher among college graduates and those who have pursued credentials beyond an associate degree, regardless of how much debt they’ve accrued. Read more...
Submitted by Stefanie Botelho. Outstanding student loan debt continues to increase and reached $1.31 trillion by the end of last year – more than what the nation owes for credit cards, according to new data from the Federal Reserve Bank of New York. More...
Submitted by Stefanie Botelho. It is one of the most popular perks taking hold in corporate America, and soon employers everywhere could be incentivized to help their workers pay down student loans. More...
Submitted by Stefanie Botelho. Most student financial aid for higher education comes in two forms: loans and grants. As tuition costs have grown, however, both options have had a hard time keeping up—grants are oversubscribed and loans have left college dropouts struggling to pay off debts without any of the financial benefits of holding a degree. More...
By Shane Hickey. Anyone over 18 who is in higher education can apply for the deal, as long as they have backing from family. More...
By Andrew Kreighbaum. Right-leaning policy thinkers push agenda to simplify loan system, inject bigger role for private lenders. But proposals to eliminate PLUS loans likely to draw opposition from advocacy groups. Read more...
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