By Paul Fain. The U.S. Department of Education last week announced the seven companies it awarded new contracts for the collection of debt from federal financial aid. The seven companies, listed below, were selected from 48 bids, according to the publication insideARM. Read more...
By Paul Fain. After reaching a peak of 14 percent in 2008, the number of undergraduates nationwide who used private student loans declined by roughly half by 2012, to 6 percent, according to a new data report from the U.S. Department of Education's National Center for Education Statistics. Read more...
By Terri Macdonald. The National Tertiary Education Union (NTEU) today welcomed the passing of the amended VET Student Loans Bill (2016) as a positive first step in addressing the deregulation and funding crisis that has severely damaged both the quality and reputation of the vocational education sector. More...
By . People talk a lot about student debt and the burden it places on recent graduates. Not surprisingly, different countries come to different policy conclusions about how this burden should be dealt with. Today’s column examines how various countries choose to deal with this issue. More...
By . The last federal budget made one large signal improvement to student assistance: the abolition of the education tax credit, and the re-investment of that money into an improved Canada Student Grant. Less remarked upon was a promise to simplify need assessment. Now the details of that effort are emerging, and they are pretty interesting. More...
Submitted by Ray Bendici. President-elect Donald Trump’s pick for Secretary of Education, Betsy DeVos, has a pretty public record of her advocacy in the K-12 education space. But what her appointment would mean for college students and student loan borrowers remains less clear. More...
Submitted by Ray Bendici. Total student debt in the United States, at approximately $1.26 trillion, is the second largest consumer debt in the country after mortgages. The average debt of all U.S. college undergraduates, including those who did not take any student loans, is around $16,929 per student, according to new data from student loan news website the Student Loan Report. More...
By Andrew Kreighbaum. The GAO report finds that estimates of the cost to the government of income-driven repayment plans -- which eventually discharge a student's remaining debt after 20 years or more of payments -- has jumped from $28 billion to $53 billion for student loans issued from 2009 to 2016. Read more...
Submitted by Stefanie Botelho. Donald Trump is promising the most liberal student loan repayment plan since the inception of the federal financial aid program, in a clear effort to court the millions of Americans struggling with the high cost of college. More...
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