By Michael Stratford. Community colleges across the country that don’t offer access to federal student loans are imperiling nearly one million students who may turn to riskier forms of credit to fund their education, according to a report released Monday by the Institute for College Access & Success. Read more...
By Ry Rivard. Some universities have started forgoing their ability to issue tax-exempt bonds, long considered a benefit of their nonprofit status. Issuing taxable bonds instead makes sense under market conditions that defy conventional wisdom and allows institutions to avoid additional regulations on tax-exempt bonds, according to officials at an annual conference of college business officers. Read more...
The idea that there was money to be made by selling the swollen loan book was always a delusion. It was the great test of "grown-up" politics. The moment, a blushing Nick Clegg said, to ditch the "dreams" of protest politics and "deal with the way that the world is". How remarkable, then, that four years on from the hike in college fees, a select committee can report that we are "approaching a tipping point for the financial viability of the student loans system". The prospects for higher education funding remain entirely uncertain, clouded by conjuring tricks that no longer convince. More...
By Andrew McGettigan and Aditya Chakrabortty. Vince Cable antagonises Tory coalition partners after calling off privatisation of student loans worth an estimated £12bn. Vince Cable has announced plans to scrap a proposed sale of student loans, forcing a U-turn on the government's privatisation programme and potentially opening a new rift in the coalition cabinet. More...
By Aditya Chakrabortty. The student loan sale ‘plan’ was never going to work – now all we’re left with is a vision of chaos at the top of government. Policy usually comes to us in beautiful choreography. More...
By Elena Cresci. The Commons business committee has said the entire student loan system is nearing a point where it is financially unworkable. Did your university experience match up to the cost of your student loan? More...
By Patrick Wintour. Decision to abandon sell-off will also require review of public finances, according to the Office for Budget Responsibility. The decision to abandon the sale of the student loan book is likely to cost the government £12bn over the next five years and will require a review of the public finances, Graham Parker, the Office for Budget Responsibility (OBR), told the Treasury Select Committee on Tuesday. More...
By Agencies. A new report into the student loans system says an urgent review is needed to address the fact that around 45 per cent of student loans will never be repaid. Read more...
By . BIS committee also criticises plans to sell loan book. MPs have recommended that the government undertakes “an urgent review of the sustainability of the student loan system” and have criticised plans to sell loans. More...
By . Vince Cable has reportedly announced plans to scrap a planned sale of student loans, raising questions over the uncapping of student numbers. More...
/https%3A%2F%2Fprofilepics.canalblog.com%2Fprofilepics%2F1%2F0%2F1076071.jpg)
