Steady growth in the use of ScholarNet® for Private Loans was marked by over 100 schools joining the network in the past year. There are now over 1,000 schools streamlining the processing of private education loans via ScholarNet for Private Loans and FASTChoice™, a private loan counseling and lender selection tool. More...
Maybe you’ve seen the ads? A somber voice ticks off the debts a young woman piled up while she attended college. More...
The U.S. Education Department (ED) is considering only partially forgiving federal loans for students defrauded by for-profit colleges, according to department officials, abandoning the Obama administration’s policy of erasing that debt. More...
Legislation to drop the minimum HELP repayment threshold for 2018-19 from $57,730 to around $52,000 was passed by the parliament last year. The government is now proposing to further reduce it to $42,000. This is around two-thirds of annualised average weekly earnings (AWE). This threshold will not apply to everyone with a HELP debt. More...
"Student Loan Interest Rate Policy" follows last week's blog on "Headaches of the English Student Loan Program" and further examines the challenges of getting university financing policy right. More...
The recent reforms particularly weigh on the poorest students.
This year has been eventful for the English higher education system… and not only because of Brexit. More...
By Paul Fain. Recently released federal data show that 17 percent of federal student debt holders are over the age of 50. This group of older borrowers collectively hold $247 billion in student debt, an amount that has roughly tripled since 2003. More...
By Paul Fain. The Federal Trade Commission and a group of states last week announced a coordinated law-enforcement action against deceptive student loan debt relief scams. More...
By Paul Fain. Federal student loan default rates are on the rise after four years of declines, according to the U.S. Department of Education's annual release of loan default data. More...
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