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19 avril 2014

Education Dept. Proposes New PLUS Loan Standards

HomeThe U.S. Department of Education is proposing new eligibility requirements for Parent PLUS loans. Under draft regulatory language sent this week to members of the department’s negotiated rule making panel, parents would generally be barred from taking out PLUS loans if they have any type of debt exceeding $2,085 that is 90 or more days delinquent or that has been sent to a collection agency or charged off. Read more...
19 avril 2014

Shift in Scrutiny of Loan Servicers

HomeBy Michael Stratford. The U.S. Department of Education is planning to change how it evaluates the companies that manage the loan payments of the more than 26 million borrowers of federal direct student loans. Department officials are “in the final stages of developing revised performance metrics” for the companies and other entities that service federal loans on behalf of the government, Thomas P. Skelly, the department’s acting chief financial officer, wrote late last month in a letter to Congressional lawmakers. Read more...

19 avril 2014

Automatic Income-Based Repayment?

HomeBy Michael Stratford. There is relatively broad consensus among policy makers and advocates in Washington that income-based repayment is, in most cases, a useful tool for helping borrowers manage their monthly student loan payments. Read more...

19 avril 2014

Newfoundland pledges to eliminate student loans

http://t2.gstatic.com/images?q=tbn:ANd9GcQWMTBx0CPzMFK637Zb6AgNbjhxfVRtTVkrwKoq4ZPL2p18KKWOEwB3AWIBy Rosanna Tamburri. Province’s per-student funding among the highest in the country. The governments of Newfoundland and Nova Scotia announced changes recently to their student financial aid programs, with Newfoundland becoming the first province pledging to eliminate loans entirely in favour of non-repayable grants by next year. Nova Scotia is eliminating its interest on student loans but at the same time is revoking a tax rebate for graduates who live and work in the province. More...

14 avril 2014

Royaume-uni : 73% des étudiants britanniques finiront de payer leurs études après 50 ans !

Par Jessica (jessicaMast). Etudier au Royaume-Uni coûte cher. Et les étudiants terminent leurs études avec d’énormes dettes. Des dettes qu’ils sont en majorité incapables de rembourser. Plus de détails avec meltyCampus.
Les étudiants britanniques sont obligés de s’endetter pour pouvoir faire des études. Les frais de scolarité sont particulièrement élevés. En 2012,meltyCampus vous parlait déjà des étudiants qui étaient descendus dans les rues pour protester contre ces hausses de frais de scolarité . Une année d’étude peut s’élever jusqu’à 9000 livres Sterling ! Par conséquent, ils sont contraints de faire un prêt qu’ils auront du mal à rembourser par la suite. Une étude menée par The Institute or Fiscal Studies for education charity the Sutton trust révèle que 73% des étudiants britanniques ne finiront de payer leurs études qu’après leur cinquantième anniversaire ! Le site de l’Huffington Post précise que " le gouvernement a récemment admis que 45% des diplômés ne gagnera jamais assez pour pouvoir rembourser ses dettes". En moyenne, un étudiant britannique quitte l’Université avec une dette de 44 000 livres Sterling. Suite...

13 avril 2014

Intelligent reforms of student loans

The Guardian homeBy The issue of non-repayment raised by the Sutton Trust and the Institute for Fiscal Studies is just one of the problems with the student loan system (Report, 10 April). By introducing lower monthly repayments as a sweetener when the £9,000 fees were introduced, the government has in fact created something more burdensome for graduates by locking them into an average of 26 years of debt. Read more...
13 avril 2014

University students will be repaying loans into their 50s, say researchers

The Guardian homeBy Government urged to rethink fees and loans system after study finds average student will graduate more than £44,000 in debt. The majority of undergraduates now at university will be paying off their student loans well into their 40s and 50s, with three-quarters of them unable to clear the debt before it is written off after 30 years, according to an analysis published on Thursday. Read more...
13 avril 2014

Students to repay loans into our 50s? I'm so used to debt I almost don't care

The Guardian homeBy A generation is saddled with the idea that adult life starts in debt, giving rise to an apathy about the politics that make it so. The news this morning that students currently at university will be repaying their government loans well into their 40s and 50s comes as no surprise. Just like when my 19-year-old sister told me that for her and her classmates "debt is just part of our lives" it made me feel a dull sense of wrongness – but nothing close to outrage. Read more...
13 avril 2014

More Parents Are Defaulting on College Loans For Their Children, Costing Taxpayers

Parents are increasingly struggling to repay federal loans they’ve taken out to help cover their children’s college costs, according to newly released federal data. The Parent Plus program allows parents to take out essentially uncapped amounts to cover college costs, regardless of the borrower’s income or ability to repay the loan. As the cost of college has risen, the program has become an increasingly critical workaround for families that max out on federal student loans and can’t pay the rest out of pocket. Education Department officials have long said that they simply don’t have figures on how many of the loans were in default. But the agency has finally run some numbers. More...

12 avril 2014

Students will be paying off loans into their 50s, study warns

http://bathknightblog.com/wp-content/uploads/2011/07/telegraph-logo.jpgBy Daily Telegraph Reporter. Almost three quarters of graduates will have at least some of their loan written off under the new repayment regime, research finds.  The vast majority of students will still be paying back university tuition fee loans when they are in their early fifties, and many will never repay their debt, according to new research.
A study suggests that almost three quarters of graduates will have at least some of their loan written off under the new repayment regime, with the average amount wiped out standing at around £30,000. Read more...
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