23 août 2019

GAO: U.S. Should Verify Borrowers’ Income for Income-Driven Loan Plans

HomeBy Andrew Kreighbaum. The Government Accountability Office in a report released Thursday recommended that the Department of Education do more to verify the income and family size of borrowers applying for income-driven repayment plans. More...

Posté par pcassuto à 18:30 - - Permalien [#]

Debt Collectors Lose Court Battle With Education Department

HomeBy Andrew Kreighbaum. Private debt collection agencies lost a legal battle with the Department of Education this week over their role in an overhauled student loan servicing system, dubbed NextGen by the Trump administration. More...

Posté par pcassuto à 18:25 - - Permalien [#]

Turning Point for Student Loans

HomeBy Andrew Kreighbaum. A new report shows student loans outpacing other household debt among most severely delinquent loans. More...

Posté par pcassuto à 18:03 - - Permalien [#]

Contentious Choice for Student Borrower Advocate

HomeBy Andrew Kreighbaum. Consumer groups say Trump administration's choice of industry executive for student loan ombudsman shows disregard for borrowers. More...

Posté par pcassuto à 18:02 - - Permalien [#]

Faster Loan Forgiveness for Disabled Veterans

HomeBy Andrew Kreighbaum. Education Department says it will grant automatic loan forgiveness to disabled veterans -- a step that had been urged by Democrats and state attorneys general. More...

Posté par pcassuto à 17:57 - - Permalien [#]

For-Profit College to Relieve $1.6M in Student Debt and Close

HomeBy Doug Lederman. A for-profit college in Massachusetts will pay $1.6 million in debt relief to former students and shut its doors, the state's attorney general announced Thursday. More...

Posté par pcassuto à 01:54 - - Permalien [#]

22 août 2019

Survey: Canceling Student Debt Would Hurt Economy

HomeBy Paul Fain. A survey of 226 economists who are members of the National Association for Business Economics this week drew attention for results showing that most respondents predict a recession will hit the U.S. economy before the end of 2021. More...

Posté par pcassuto à 23:06 - - Permalien [#]

Sanders vs. Warren on College Debt Relief

HomeBy Nick Hazelrigg. Critics of both plans say Sanders's proposal for universal debt relief amplifies existing issues with Warren's plan, which includes caps on income for beneficiaries. More...

Posté par pcassuto à 21:41 - - Permalien [#]

21 août 2019

Average Student Loan Debt Statistics by School by State 2019

Techno-News BlogWhile the figures change each year, the narrative certainly does not; student loan debt continues to be a growing issue in the U.S. and at nearly all schools in the country as the cost of college continues to rise. Nationally, outstanding student loan debt sits at $1.52 trillion, making it the second largest form of consumer debt trailing only mortgages. More...

Posté par pcassuto à 02:13 - - Permalien [#]

07 juillet 2019

Does the Canada Student Loans Program Make Money?

You’ll remember a couple of weeks ago I took the Ontario NDP to task for an absurd meme about the provincial government “profiting” from student loans. But it occurred to me later than though there is no way the charge sticks against the provincial government, it arguably might about the federal government’s Canada Student Loans Program (CSLP), which both borrows more cheaply and lends more dearly than the provincial government. More...

Posté par pcassuto à 17:23 - - Permalien [#]