The history of student loans goes back to the Middle Ages
By . In 1473, Alexander Hardynge, who had finished his bachelor’s degree at Oxford nearly two years previous, borrowed money through an educational loan service. The loan came with a one year repayment deadline.
With some of that money, he rented a room at Exeter College and offered tutoring services to college students. He soon repaid that loan. In 1475, Hardynge took out a second loan – again, in part to rent teaching space. More...
Getting the Question RIght
Law Students Face More Debt and More Stress
Law students are borrowing more and feeling more stress about that borrowing, according to the latest edition of the Law School Survey of Student Engagement, released today. Read more...
Democrats Press Obama on Debt Relief
Two high-ranking House Democrats as well as 35 Senate Democrats sent letters to Obama calling for a more streamlined process than what the administration has been considering. Read more...
Study: Students Know Little About Consumer Credit
Nearly 60 percent of California college students interviewed for a recent survey could not define the term "credit score." The survey, released Tuesday by student loan website LendEDU, included responses from 668 students at both two-year and four-year institutions. Read more...
Talks Over Federal Debt Relief Rules End in Stalemate
A U.S. Department of Education rule-making panel on Friday failed to reach agreement on new standards for when federal student loan borrowers can seek debt forgiveness on the grounds that they were misled or defrauded by their colleges. Read more...
Pell Surplus Could Help Year-Round Proposal
The federal government will spend roughly $22 billion on the Pell Grant program in 2016, according to new numbers from the U.S. Congressional Budget Office. The more than $7 billion projected surplus in the $30 billion program follows several years of declines in spending on Pell Grants, due to previous changes in eligibility for students. Read more...
Getting Ready for Another Corinthian
By Michael Stratford. As the U.S. Department of Education forgives thousands of loans students took out to attend Corinthian Colleges and sets up a new federal debt relief process for other colleges, one pressing issue is how much it will cost taxpayers. Read more...
Watchdog Slams Loan Servicer Review
By Michael Stratford. The U.S. Department of Education’s review of whether its student loan servicers overcharged military personnel was flawed and officials misrepresented its findings to the public, said the agency’s independent watchdog. Read more...
