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14 décembre 2014

Senators Want Loan Discharges for Corinthian Students

HomeA group of 13 Senate Democrats want the U.S. Department of Education to discharge federal student loans for some current and former students of Corinthian Colleges. In a letter to Arne Duncan, the Senators urged immediate discharges for any borrowers who are covered by lawsuits filed by federal and state agencies against the troubled for-profit chain, which is being dismantled. Read more...
14 décembre 2014

Audit Finds Education Dept. Lacks Plan to Fight Student-Loan Defaults

http://chronicle.com/img/photos/biz/Ticker%20revised%20round%2045.gifBy . The Education Department “does not have a comprehensive plan or strategy to prevent student-loan defaults,” an audit conducted by the department’s Office of Inspector General has concluded.
A report on the audit’s findings, released on Friday, argues that the department’s lack of a coherent strategy renders it ill equipped to find effective measures against default, identify risks that cause loan delinquency, and work effectively with companies that service student loans on the department’s behalf. More...

14 décembre 2014

Payback's a Bitch

subscribe todayBy Andrew Ross. Everyone is talking about student debt, but almost nothing is being done about it. On the federal level, there is no debt relief in sight, as anyone can infer from the annual Congressional ritual in which lawmakers assemble to grandstand over lowering federal interest rates by a fraction. Nothing on Capitol Hill comes closer to the cliché of putting a Band-Aid on a gaping wound. Rising rates of default (half a million more last year) and delinquencies (more than 30 percent of all borrowers) are a sure sign that many student debts cannot, and never will, be repaid. More...

14 décembre 2014

Loans package to boost postgraduate demand

By Nic Mitchell. Homegrown postgraduate students at English universities are to get a helping hand from the government in the form of an income-contingent loan of up to £10,000 (US$15,700) from 2016-17. The new loan package announced by Chancellor George Osborne in his eagerly awaited Autumn Statement was generally welcomed across English higher education. Read more...
14 décembre 2014

Welsh government considers response to England postgrad loans

By . The Welsh government has said it will “look at all the options” before deciding whether to follow England’s lead in introducing postgraduate loans. More...

9 décembre 2014

Degrees, Diplomas, and Debts! Oh My!

TheSpecBy Ewa Plonka. The current status of the employment market dictates that we must have expensive pieces of paper in order to achieve and maintain a career. Where do we get these expensive pieces of paper though? Ah, through the education system of course! Too bad it will cost us an arm and a leg in order to get into that system. According to the Association of Universities and Colleges of Canada (AUCC), post-secondary enrolment rates have been at their all time highest. The need for a higher education is becoming widely recognized as it is essential to remain in the race for jobs in this competitive economy. However, this education is becoming increasingly more difficult to obtain due to years of tuition increases. The Canadian Centre for Policy Alternatives (CCPA) stated that in the school year of 1990-91, the average university fee was $1,464. By the 2012-13 school year, the tuition increased to $6,348. This is expected to rise to$7,437 in 2016-17. This poses a major problem to mid-low income families as they can not keep up with these alarming raises. More...

7 décembre 2014

L’emprunt étudiant : c’est noir !

Sur le blog "Histoires d'universités" de Pierre Dubois. L’emprunt étudiant, pour payer les droits d’inscription dans l’enseignement supérieur, n’est pas la solution pour faire face à la crise financière des universités. Article transmis par Samuel Bliman.
Tuition fees : Three quarters of students won’t be able to pay off their debt, Richard Gardner, The Independent, Tuesday, 18 November 2014. Suite...

7 décembre 2014

For-profit colleges fight new federal rule

USATODAYBy Bill Theobald. For-profit schools are fighting an Obama administration regulation that could threaten financial aid for hundreds of thousands of their students.
The Department of Education's plan to tighten control over for-profit, post-secondary institutions is the most recent clash between those who believe many for-profit schools exploit students and leave them heavily in debt, and those who argue the schools are over-regulated and treated unfairly compared with public and private non-profit schools. More...

7 décembre 2014

'Dirty Money?'

HomeBy Colleen Flaherty. That’s how Jane McEldowney Jensen, associate professor of education and Ph.D. cohort director at the University of Kentucky, summed up the tone of the papers presented Wednesday during a session called “Higher Education’s Walk of Shame: Dirty Money, Dirty Morals and Loss of Intimacy” at the American Anthropological Association’s annual conference.
Indeed, the picture painted was grim. Papers had such preliminary titles as “Selling an Unknown Future: Risk, Debt and Failure” and "The University as a ‘House of Cards,’ ” and speakers used words such as “unsustainable” and “precarity.” They criticized administrators and policy-makers as out-of-touch conspirators in the problem of mounting student debt load, which now tops $1 trillion, and expressed conflicted opinions about the value of higher education as it is perceived by many today. Read more...

7 décembre 2014

Autumn Statement: 'postgraduate loans are a step in the right direction'

http://t0.gstatic.com/images?q=tbn:ANd9GcQPxnNUZkzq1IINmqwJMRe0Mx9jmcJPvZ89WaflkoXFnHo0R2jfVuceEAwwBy Don Nutbeam. George Osborne's plan to provide government-funded postgraduate loans is a step forward in opening up further study to all students, says Prof Don Nutbeam. Read more...

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