By Andrew Kreighbaum. An analysis released by NerdWallet this week found that student loan borrowers would pay more each month under an income-driven repayment proposed by President-elect Donald Trump, compared with the most widely available existing income-driven plan. Read more...
By Andrew Kreighbaum. Hundreds of career-training programs risk losing access to federal student aid funds without improved standing under rule designed to hold institutions accountable for graduates' ability to pay off debt. Read more...
By Esther Nakkazi. The Tanzanian government is seeking legal counsel before it goes ahead and publishes the names and photographs of higher education loan defaulters who have failed to take responsibility for paying back their student loans, while an official task force last week commenced its round of visits to defaulters’ employers. Read more...
Submitted by Stefanie Botelho. To recoup student-loan debt, the government is leaving people who rely on Social Security with benefits that fall below federal poverty guidelines, the Government Accountability Office said Tuesday. More...
By Andrew Kreighbaum. Older Americans are the fastest-growing group in the student loan market and nearly 40 percent of borrowers over 65 were in default in 2015, according to a Consumer Financial Protection Bureau report released Thursday. Read more...
Submitted by Matt Zalaznick. While student loan counseling is required before taking out a loan or leaving college, there are no government requirements for institutions to provide ongoing counseling to students while in school. More...
Submitted by Stefanie Botelho. The American Bar Association has filed a lawsuit Tuesday against the United States Department of Education to stop the Department’s decision to retroactively refuse to honor loan forgiveness commitments it made under the Public Service Loan Forgiveness Program (PSLF) to individuals who have dedicated their careers to public service. More...
By Paul Fain. The federal government is withholding a portion of Social Security benefits from a growing number of older Americans to cover defaulted student loan debt, according to a new report from the U.S. Government Accountability Office. Read more...
By Andrew Kreighbaum. The American Bar Association is suing the Department of Education over the denial of Public Service Loan Forgiveness to four attorneys employed at the association and previously approved for the program. Read more...
By . You can accumulate one hell of a lot of debt these days in the UK. Just in an undergraduate degree, fees are £9,000 per year plus you can get another £10,702 in maintenance loans per year of you’re studying in London. Over a three-year degree that’s £59,106 or a tad over $100,000 (yes, really). So, at face value one can understand the spate of stories coming out of the UK these days talking about how their massive debt loads are going to paralyze them for life, stop them being able to buy housing etc. More...
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