Submitted by Tim Goral. Numbers have a way of revealing the real story that lies beneath the rhetoric and misinformation of controversial topics. Take the ongoing Federal Perkins Loan debate, for example. More...
18 octobre 2015
Expiration of loan program hurts students
House Democrat group asks forgiveness for all Corinthian student debt
Submitted by Stefanie Botelho. A group of Democratic members of the House of Representatives are sending a letter this morning calling on the Department of Education to "automatically discharge the debt" of all students who attended campuses run by now-bankrupt Corinthian Colleges, one of the worst actors in the scandalized for-profit college sector. More...
04 octobre 2015
Student Loan Default Rate Drops
The proportion of student loan borrowers who defaulted on their debt within three years fell to 11.8 percent for those entering repayment in 2012, down sharply from 13.7 percent the year before, the U.S. Education Department announced today. Read more...
U.S. House Passes One-Year Perkins Extension
The U.S. House of Representatives on Monday approved a one-year extension of the federal Perkins Loan program, which is set to expire this week. Read more...
House Lawmakers Push Perkins Loan Extension
With just a week before the federal Perkins Loan program is set to expire, a bipartisan effort to extend the program emerged in the U.S. House on Thursday. Read more...
03 octobre 2015
Default Rates Drop
By Michael Stratford. The share of federal student loan borrowers who default on their debt within three years of entering repayment dropped for the second year in a row, the U.S. Department of Education announced Wednesday. Read more...
New Push on Bankruptcy Protections
By Michael Stratford. In a report released Thursday by the U.S. Department of Education, administration officials outlined a range of recommendations for improving the nation’s student loan system, most of which require congressional action. Read more...
Small Loans, Big Problem
By Paul Fain. Community colleges are relatively affordable, and their students tend to borrow less than those who attend other types of institutions. Yet the debt students rack up at community colleges is troubling. Read more...
CFPB Eyes Loan Servicer Rules
By Michael Stratford. The Consumer Financial Protection Bureau formally announced Tuesday that it will explore new regulations on student loan servicing companies, calling for changes in an industry it says is bedeviled by widespread failures that are harming borrowers. Read more...
02 octobre 2015
Borrowers Continue to Face Problems With Loan Servicers, Watchdog Says
By Kelly Field. Borrowers continue to report widespread problems with student-loan servicing, according to a report released on Tuesday by the Consumer Financial Protection Bureau. More...
