From PBS: For-profit colleges that don’t produce graduates capable of paying off their student loans could soon face the wrath of the federal government. Schools with career-oriented programs that fail to comply with the new rule being announced Thursday by the Obama administration stand to lose access to federal student-aid…
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From Heather Jarvis: On the one hand, the administration proposes to extend PAYE to all student borrowers starting in 2015, regardless of when they borrowed. That would be nice. But the administration proposes sharply reducing the loan forgiveness available to high-debt student loan borrowers (except they refer to these cuts…
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From Student Loan Expert Heather Jarvis: The CFPB launched a new toolkit last week to empower school districts and other public service organizations to help their employees pay off student loan debt. According to a report released last week, the CFPB estimates that more than 25 percent of the U.S.…
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Even as a post-secondary degree becomes a must-have, the cost is enough to create almost lifelong debt. (Flickr) From In These Times: Whether or not President Obama’s recent education-themed speeches are in direct response to Matt Taibbi’s must-read Rolling Stone magazine article on the college loan crisis, it is great…
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From NYT: Deploring the rising costs of a college education, President Obama vowed on Thursday to try to shame universities into holding their prices down and to eventually use federal student aid as leverage in that effort. Speaking at the University at Buffalo, where tuition and fees now total about…
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From ThinkProgress: According to a Modern Healthcare analysis of federal records, more than 5,400 of the 51,729 people on the government health entitlement blacklist were placed on it after failing to pay an HHS-backed medical student loan. Given a still-shaky economy, some in the health care sector expect that trend…
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From CampusProgress: The student loan crisis is a myth. So say Nicole Allan and Derek Thompson, who argue in this month’s issue of The Atlantic that the economic returns of college far outweigh the burden of student loan debt. “Horror stories of students drowning in $100,000+ in debt might discourage…
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From Inside Higher Ed: In a sweeping study of the private student lending market released today, a new federal consumer protection agency compares private loans to subprime mortgages and urges Congress to consider letting borrowers discharge such loans in bankruptcy. The study, months in the making, touched a nerve as…
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