By Andrew Kreighbaum. The National Consumer Law Center sent a letter to Education Secretary John King today asking the Department of Education to track the relationship between student loan debt and racial inequality. Read more...
22 août 2016
22 août 2016
CFPB: Unnecessary Obstacles for Lower Loan Payments
By Andrew Kreighbaum. The Consumer Financial Protection Bureau's student loan ombudsman released a report Thursday documenting consumer complaints about needless hassles borrowers face in applying for income-based repayment of student loans. The report said delays in applications can leave students with thousands in extra costs. Read more...
22 août 2016
Risks of Risk Sharing
By Andrew Kreighbaum. As bipartisan consensus emerges in Congress that colleges should share the burden of students who can't repay loans or find jobs, higher ed leaders consider how such a plan would work and whether it would discourage them from educating the disadvantaged. Read more...
22 août 2016
One in 5 Undergrads Do Not Seek Financial Aid
By Andrew Kreighbaum. One-fifth of undergraduates did not apply for any financial aid during the 2011-12 academic year -- typically because they thought they could afford college without it or did not believe they would qualify, according to a report from the U.S. Education Department's National Center for Education Statistics. Read more...
22 août 2016
Student Debt Correlates With 'Negative Wealth'
By Andrew Kreighbaum. New York Federal Reserve analysis finds that student loan debt contributes both to high levels of negative wealth and to income inequality. But financial aid experts say analysis misses some shadings. Read more...
22 août 2016
Survey Finds Broad Support for Free College
By Andrew Kreighbaum. Sixty-two percent of all Americans support free tuition at public colleges and universities, according to a survey released Monday by Bankrate.com. Among millennials surveyed, support was even higher, with 77 percent backing free tuition. Read more...
22 août 2016
Staking Out Sides on Student Debt Discharge
By Andrew Kreighbaum. Department of Education receives thousands of comments on proposed regulations for discharge of federal loans when colleges have defrauded students. Read more...
22 août 2016
Pushing for Free
By Andrew Kreighbaum. After taking a backseat to debate over free tuition at four-year public colleges, free community college advocates see chance to build momentum. Read more...
22 août 2016
Amazon's New Market? Student Loans
By Andrew Kreighbaum. The online retail giant's promise to provide "discounted" student loans through a new partnership with Wells Fargo elicits concerns from consumer advocates about possible duping of students. Read more...
22 août 2016
New Guidelines on Loan Servicing
By Andrew Kreighbaum. Education Department's 56-page memo details new guidelines for student loan servicers. Read more...
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