By Andy Thomason. The U.S. Department of Education is scheduled to release this week its annual cohort default rates, which describe what percentage of borrowers are defaulting on their student loans. The data were due to be released to colleges on Monday and to the public in the middle of the week. Here’s what you need to know. More...
By Andy Thomason. The percentage of borrowers who defaulted on their student loans in the past three years has dropped across all higher-education sectors, according to data released on Wednesday by the U.S. Education Department. The overall default rate for borrowers who began repayment between October 1, 2010, and September 30, 2011, fell to 13.7 percent from the previous year’s 14.7 percent. More...
By Flora MacQueen. Not everyone can afford to do a full-time law degree or the GDL, but there are other options. The best route into law will almost always be the one that guarantees a job with as little debt as possible. More...
La dette étudiante des 65 ans et plus a atteint en 2013 aux Etats-Unis quelque 18,2 milliards de dollars, contre 2,8 milliards en 2005.
Difficile de rembourser une éducation extrêmement coûteuse aux Etats-Unis, y compris pour les personnes âgées, dont certaines n’ont toujours pas fini de payer leurs prêts étudiants et voient désormais leurs retraites ponctionnées par l’Etat qui veut récupérer son argent. En savoir plus...
By Bryce McKibben - EvoLLLution. Although at-risk borrowers default for a variety of reasons, even seasoned students need information and advice in order to make informed borrowing decisions and stay on track in repayment. Loan counseling is intended to serve this need for information, but many students only breeze through the required online counseling when they first enroll — and sometimes before really knowing whether they need, or how much, to borrow. Others skip their “exit” counseling altogether, even though these sessions contain valuable information on the repayment plans and deferment or forbearance options available to them. In essence, they’re missing critical advice on how to avoid default. More...
By Phil Hill. In case anyone needed additional information to counter the Brookings-fed meme that “Americans who borrowed to finance their education are no worse off today than they were a generation ago”, theU.S. Government Accountability Office (GAO) released a report yesterday with some significant findings. As reported at Inside Higher Ed by Michael Stratford. Read more...By Phil Hill. I have previously written about the deeply flawed Brookings Institution analysis on student debt with its oft-repeated lede:
By Doug Lederman. Studies that show student loan debt increasing are a dime a dozen these days. But while a new report from the Federal Reserve Board reinforces the idea that more Americans are taking on more debt to finance their postsecondary education, it also suggests a slowing of that trend in the last three years. Read more...By Michael Stratford. The number of Americans who are nearing or past retirement age and still have student loan debt has ballooned in recent years, as has the amount of money the government is seizing from their Social Security checks to recoup defaulted federal loans, Congressional researchers have found. More than 700,000 households headed by Americans 65 or older now carry student debt, according to a report released Wednesday by the U.S. Government Accountability Office. Read more...By Andy Thomason. Report: “Zero Marginal Cost: Measuring Subsidies for Graduate Education in the Public Service Loan Forgiveness Program”
Organization: New America Foundation
Authors: Jason Delisle, director of the foundation’s federal education budget project, and Alexander Holt, a policy analyst
Summary: The report examines the effects of two federal student-loan programs: income-based repayment, which allows borrowers to cap monthly payments at 10 percent of their annual income and have their debt forgiven after 20 years; and the Public Service Loan Forgiveness (PSLF) program, which allows borrowers working in the nonprofit sector to have their debt forgiven after 10 years. More...
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