Student debt is lower here
A total of 865,000 net new jobs were created for university graduates, compared to 435,000 net new jobs for college and trades graduates, while a total of 510,000 jobs were lost for those with no post-secondary education. More...
Five things you MUST know before you get a student loan
By Katie Morley. You've got your A-level results and if you're heading off to university, Katie Morley runs though what you need to know before you sign up for student finance. Read more...
Dept. of Education Failed to Hold Loan-Management Company Accountable, Audit Finds
By Kelly Field. The Education Department failed to hold Xerox Education Solutions, a company it had contracted to track and service student loans, accountable for fixing persistent problems in its student-debt-management system, the agency’s inspector general said in an audit report released on Thursday. More...
Ta-Da! U. of Pennsylvania’s ‘No-Loan’ Financial-Aid Policy Becomes ‘All-Grant’
By Andy Thomason. The University of Pennsylvania has a new financial-aid policy. Or, at least, a new name for it.
The university’s student newspaper, The Daily Pennsylvanian, reports that Penn changed the name of its financial-aid policy this summer from “no-loan” to “all-grant.” A no-loan policy is one in which the university does not give out loans as part of financial-aid packages, instead relying primarily on grants. More...
Meanwhile, a Bubble Quietly Deflates
Money for Debt Relief Fight
By Michael Stratford. A bankruptcy judge on Wednesday approved Corinthian’s plan to liquidate its assets, earmarking about $4.3 million for a special fund for former students. Read more...
Should universities have to pay back unpaid student debts?
Clinton’s debt-free college comes with a price tag
Student loan debt: America’s next big crisis
Higher Ed Tech News and Research ~ Ray Schroeder, editor. The Federal Reserve Bank of New York released its latest Report on Household Debt and Credit Developments, and the news isn’t good for student-borrowers. As of the second calendar quarter ending June 30, seriously delinquent student loans (which the FRBNY describes as those whose payments are 90 or more days past due), increased to 11.5% of the $1.19 trillion dollars’ worth of education loans, versus 11.1% in the first quarter. More...