By Ben Miller. Defaulting on a student loan is not pleasant. It wrecks a borrower’s credit, puts her into the unpleasant world of debt collection, and can even result in wages or Social Security benefits being garnished. There are increasing calls to keep down student debt and to create more flexible payment plans to avoid default. More...

Millions of students and families will now pay less to borrow money from the federal government to finance college in the coming academic year.
Interest rates on federal student loans are set to drop by more than one-third of a percentage point following the U.S. Treasury’s sale on Wednesday of 10-year notes. Rates are reset each year based on the yield of the note set by that auction. Read more...

The Consumer Financial Protection Bureau said Thursday that it has launched a “public inquiry” into the practices of companies that collect and manage student loan payments. Read more...

By Dawn McCarty. Corinthian Colleges Inc. filed for bankruptcy, a week after closing its remaining 28 for-profit career schools in the biggest collapse in U.S. higher education. More...