By Andy Thomason. The percentage of borrowers who defaulted on their student loans in the past three years has dropped again, from 13.7 percent in last year’s measurement to 11.8 percent this year. According to new data released on Wednesday by the U.S. Department of Education, the default rate for students who began repayment between October 1, 2011, and September 30, 2012, dropped among all sectors of higher education. More...
By Andy Thomason. The community-college borrowers most likely to default on their student loans are those with the least amount of debt, according to a new report from the Association of Community College Trustees. More...
By David P. Haney. The presidential candidates Hillary Clinton and Bernie Sanders have each proposed plans during their campaigns to funnel federal and state funds to public institutions so that needy students (under Clinton’s plan) or all students (under Sanders’s plan) could receive a free or very-low-cost college education. More...
By Kelly Field. The Federal Perkins Loan Program died on Wednesday, the victim of a senator who has made it his mission to simplify student aid. More...
By Kelly Field. Default rates on federal student loans fell at all types of colleges this year, with the biggest drop occurring among for-profit institutions. More...
By Kelly Field. Democratic lawmakers are joining with House Republicans in a last-ditch effort to save the decades-old Federal Perkins Loan Program, which is set to expire next week. More...
By . Roughly seven million borrowers are in default on their federal student loans, and a record amount of outstanding student loan debt is delinquent. There is a well-publicized concern that student loan default will hinder economic growth and harm students for years to come. More...
By . The U.S. Department of Education released new data this week on colleges’ cohort default rates (CDR)—reflecting the percentage of a college’s former students with federal student loans who entered repayment in Fiscal Year 2012 and defaulted by the end of Fiscal Year 2014. More...
By Press Association. Research finds George Osborne’s proposals to freeze the repayment minimum salary at £21,000 and replace grants with loans could significantly increase costs. More...
Women and students from poorer backgrounds to be hardest hit, says Sutton Trust analysis. More...
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