By Anthonia Akitunde. A university education is part of the American dream that’s easy to buy or borrow into, but hard to pay off. More...
By James Felton. A worrying number of students are turning to payday loans – they should know there are other options available. More...
Portable state grants and loans possess enormous “potential” for supporting outgoing student mobility. Over 25 European countries have allowed such national funds to be used outside their national borders. Among them, some 15 countries reported that their state grants and/or loans can be used, in principle, for both outgoing credit and degree mobility, offering annually at least 1.65 million students the “opportunities” to use such financial aid to study abroad. For degree mobility alone, around 60 500 students took up such opportunities. This number represents a small fraction of all the beneficiaries of student aid in Europe, but covers a substantial share of mobile students in systems that are “open for all”.
This publication contains an overview of the student financial support schemes in 31 European countries and much more on the quantitative aspect of the use of portable grants/loans by European mobile students. It includes also short profiles of grant/loan schemes in 11 selected countries that have opened up their schemes, fully or partially, for outgoing student mobility. It is the major outcome of an EU-funded project - STiME, carried out jointly by the Brussels-based Academic Cooperation Association (ACA) and Germany’s Deutsches Studentenwerk (DSW).
Price: EUR 29,80 (paperback version)
This publication was printed with the support of the Lifelong Learning programme Erasmus action of the European Union.
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ACA-2014 Portable State Grants and Loans (5.9 MB). More...
By Courtney Sloane (NTEU National Office). The Mid-year Economic and Fiscal Outlook (MYEFO) has confirmed the Abbott Government is shifting debt on a grand scale, and shirking its responsibility to properly fund education, the NTEU said today.
“The government is transferring debt away from the Commonwealth and pushing it on to individuals, particularly students,” said Jeannie Rea, NTEU National President.
“They are addressing the so-called ‘budget crisis’ by forcing students and their families into a lifetime of debt,” Rea said.
Rea said that the data on student debt released as part of MYEFO confirms the NTEU’s estimate that total student debt would be $52 billion by 2016-17. More...
Von Armin Himmelrath. Weil ein Wirtschaftsinformatiker bei seinem Bafög-Antrag falsche Angaben machte, muss er fast 16.000 Euro an das Studentenwerk Augsburg zurückzahlen. Glück für den Absolventen: Die Staatsanwaltschaft will keinen Vorsatz erkennen. Mehr...
By Kaitlin Mulhere. “Day After Debt: A Call for Student Loan Relief" is about the demand for higher education, the related growth in student debt and the pressures that puts on graduates. The exhibit opened last month at the Eli and Edythe Broad Art Museum at Michigan State University and is presented in cooperation with the art organization Protocinema. Read more...
By Michael Stratford. As the U.S. Department of Education manages an increasingly larger portfolio of federal student loans, officials at the agency lack a coordinated plan for preventing borrowers from defaulting, the department’s independent watchdog said Friday. Read more...
Report: “The Case for Payroll Withholding”
Organizations: New America Foundation, Young Invincibles, National Association of Student Financial Aid Administrators
Summary: With student-loan default rates rising, a growing number of policy makers, think tanks, and advocacy groups are calling for automatically enrolling some or all borrowers in income-based repayment, or IBR. In this report, a product of the third round of the Reimagining Aid Design and Delivery project, financed by the Bill & Melinda Gates Foundation, the authors compare four distinct, and progressively more “automated,” ways of expanding the program. More...
By MaryFrances McCourt. “Many Students Don’t Know What They’re Paying, or Borrowing, for College” (The Chronicle, December 10) detailed a recent report, “Are College Students Borrowing Blindly?,” by Elizabeth J. Akers and Matthew M. Chingos. The authors of the report conclude that a majority of students don’t realize how much they have borrowed and the long-term impact of that debt. Our work with students on this very issue in recent years has delivered many of us at Indiana University to the same conclusion. More...
By UB Custom Publishing Group. Student loan debt and default rates are serious issues of national concern. According to the Federal Reserve Bank of New York, outstanding student loan debt totaled $1.118 trillion during the second quarter of 2014. The most recent official three-year cohort default rate (CDR) from the U.S. Department of Education shows that nearly 14 percent of all federal student loan borrowers default within the first three years of entering repayment. More...
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