Nearly 78,000 members of the military who federal prosecutors said were overcharged on their student loans will begin to receive a total of $60 million in compensation next month, the Department of Justice announced Thursday. Read more...
By Michael Stratford. The U.S. Department of Education said Tuesday that its four main federal student loan servicers, including Navient, have mostly followed the law in granting special interest-rate benefits to members of the military. Read more...
By Brian Keeley. When visitors to Chinese cities are trying to take the pulse of the local economy, they often do a very simple thing – they look out the window and count the cranes.
Crane counting is a trick used by analysts from London to Sydney to get a real-time sense of economic activity: Cranes mean construction, construction means jobs, jobs mean people have money to spend, and so on. More...
In a new HEPI pamphlet, The accounting and budgeting of student loans, Andrew McGettigan reveals how the treatment of student loans in the national and departmental accounts is driving policy.
The Department for Business, Innovation and Skills (BIS) has been wrestling with the multi-billion pound impact of student loans. It was spared emergency cuts to the rest of its budget when new accounting conventions for loans were introduced in 2013/14. But these new conventions incentivise the department to control loan outlay and improve repayments in ways that neither universities nor graduates may welcome. More...
By Aimee Picchi. In 1965, President Lyndon Johnson vowed that no student wishing to attend college would "be turned away because his family is poor."By Jo Dodge. Worried about the cost of university? There are a number of different loans and schemes set up to help ease the financial burden. Jo Dodge reports. Read more...
Par Stéphanie Le Bars. Pour suivre des études, beaucoup de jeunes Américains empruntent des sommes astronomiques, hypothéquant leur avenir. Un problème national.
Une année universitaire, aux Etats-Unis, coûte entre 6 000 et 60 000 dollars (5 300 et 53 150 euros). Les frais d’inscription, qui ont connu une explosion ces vingt-cinq dernières années, et le coût de la vie sur un campus, obligent les familles à prévoir un budget faramineux dans l’espoir de voir leurs enfants acquérir un début de diplôme, indispensable élément du rêve américain. Voir l'article...
ByMichael Stratford, for Inside Higher Ed. After a concerted push over the past several months from liberals and progressive groups, Hillary Clinton’s presidential campaign appears to be on the cusp of embracing a debt-free college plan. More...
By Andy Thomason. Interest rates on new federal student loans will drop for the 2015-16 academic year, The Wall Street Journal reports.
The rate on undergraduate Stafford loans will drop to 4.29 percent, down from 4.66 percent this year. More...
By Kelly Field. The nation’s top consumer watchdog is stepping up its oversight of student-loan servicers, the agency announced on Thursday.
The Consumer Financial Protection Bureau, which has been monitoring the sector since last March, said it would seek information on practices that "create repayment challenges" or set up "hurdles for distressed borrowers." The agency is also interested in "economic incentives that may affect the quality of service" provided to borrowers, it said in a statement. More...
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