Borrowers of federal student loans have a "fundamentally different" relationship to their debt than other financial obligations, according to a new report by the New America think tank. The report, written by Jason Delisle and Alexander Holt, is based on an analysis of several focus groups of student loan borrowers across the country. Read more...
By Michael Stratford. Two of the debt collection companies that the U.S. Department of Education earlier this month accused of misleading borrowers could potentially continue to collect defaulted loans on the department’s behalf under a different contract. Read more...
By Michael Stratford. The Obama administration announced Tuesday that it plans to create a centralized complaint system for federal student loan borrowers as well as a single Web site where they can manage their loan payments. Read more...
By Beckie Supiano. The ins and outs of student-loan repayment received an unusual level of attention this week, when President Obama laid out new steps his administration was taking to help borrowers. Those steps are designed to fix flaws that consumer advocates have identified. But there’s still a lot that we don’t know about why some borrowers struggle to repay their loans. More...By Kelly Field. In a speech he’s scheduled to give on Tuesday at the Georgia Institute of Technology, President Obama will announce a Student Aid Bill of Rights and sign a presidential memorandum directing federal agencies to take steps to help borrowers repay their debt. More...
More than 40 Russian universities have delayed stipend payments to their students since the beginning of the year, student rights ombudsman Artyom Khromov confirmed to The Moscow Times on Thursday. Read more...
By John Hechinger. The U.S. Education Department, citing “inaccurate representations” to student-loan borrowers, will end debt-collection contracts with Navient Corp. and four other companies.
Representatives of these companies, which pursue students who default on their loans, made misleading statements about programs that help borrowers get back on track, the agency said in a statement late Friday. More...
By Ryan Anderson, The Chronicle of Higher Education. The phone rings. I answer. Credit-card collector – again. A pleasant voice on the other end of the line: “Can you please verify the last four digits of your Social Security number?” I verify. Read more...By Michael Stratford. The Obama administration, under pressure from Congressional Democrats and consumer advocates, is deciding whether to relieve the debt of some federal student loan borrowers who attended Corinthian Colleges. Read more...
By Katharine Robertson. Don’t want to take out a loan? The grants, bursaries and scholarships are out there – you just need to know where to find them. Read more.../https%3A%2F%2Fprofilepics.canalblog.com%2Fprofilepics%2F1%2F0%2F1076071.jpg)
