By Andrew Kreighbaum. Admissions counselors raise concerns over some colleges packaging PLUS loans in financial aid award letters, possibly misleading families about cost of attendance. Read more...
Report Criticizes Student Loan Guaranty Agencies
By Paul Fain. A new report from the Century Foundation criticizes student loan guaranty agencies, arguing that they largely have abandoned their public missions. Read more...
Groups Urge Multiyear Income-Driven Repayment
By Paul Fain. A coalition of 20 groups -- including unions, consumer groups and the loan servicing company Navient -- this week wrote to federal agencies to call for a streamlined and simplified process of reapplying for income-driven student loan repayment plans. Read more...
Student Loan Cohort Default Rate Drop
By Andrew Kreighbaum. The rate at which student loan borrowers defaulted on debt taken out to attend college dropped for the second consecutive year, although the Department of Education says significant work remains on the issue. Read more...
Half of Rehabilitated Borrowers Will Default Again
By Andrew Kreighbaum. Nearly half of defaulted student loan borrowers who rehabilitate their loans will default again, said a report released by the Consumer Financial Protection Bureau Monday. Read more...
Report: Average Student Loan Debt Ticked Up for 2015 Graduates
By Andrew Kreighbaum. College students who graduated with student loan debt in 2015 left with an average of $30,100 in debt -- an increase of 4 percent over the 2014 average, according to an annual report released Tuesday by the Institute for College Access and Success. Read more...
Government issues funding reassurance to EU students
The government has today announced that European Union students applying for a place at an English university in the 2017 to 2018 academic year will continue to be eligible for student loans and grants – and will be for the duration of their course. Read more...
Does the Canada Student Loans Program Make Money?
By Alex Usher. You’ll remember a couple of weeks ago I took the Ontario NDP to task for an absurd meme about the provincial government “profiting” from student loans. But it occurred to me later than though there is no way the charge sticks against the provincial government, it arguably might about the federal government’s Canada Student Loans Program (CSLP), which both borrows more cheaply and lends more dearly than the provincial government. So I decided to find out. More...
The Ontario NDP’s Bad Student Loan Math
By Alex Usher. Here’s the issue: the NDP have decided to promise to make all Ontario student loans interest-free. As a policy, this is pretty meh. It’s not the kind of policy that increases participation because students don’t really pay attention to loan interest, and it’s not going to make loans a whole lot more affordable because Ontario forgives most loans anyway. More...
LendEdu private student loan debt data analysis 2016
Submitted by Stefanie Botelho. In August, we released our Student Loan Debt By State By School Report 2016. In the report we analyzed financial aid and student loan data for more than 1,300 different colleges in the United States. More...