Tag: Student Loans: Page 2

Students

DeVos Wants Income Verification Reviewed for Loan-Repayment Plans

U.S. Secretary of Education Betsy DeVos has issued a statement calling for a comprehensive review of income verification in Income-Driven Repayment (IDR) plans for federal student loans. Her action followed the publication of a Government Accountability Office report titled “Federal Student Loans: Education Needs to Verify Borrowers’ Information for Income-Driven Repayment Plans.” “The GAO report […]

July 26, 2019

Students

New Coalition Advocates for College Equity, Affordability

A new collaborative, The College Affordability Coalition, has formed to advocate for needed federal investments and protections to promote more equitable outcomes within the U.S. higher education system as federal lawmakers work on reauthorization of the Higher Education Act. The group of 25 organizations – representing the voices of students, families, consumers, institutions and civil […]

July 25, 2019

Students

Lawmakers Introduce Legislation Cancelling Student Loan Debt

Up to $50,000 in student loan debt will be cancelled for 42 million Americans under a bill introduced Tuesday in the House of Representatives by South Carolina Democrat James E. Clyburn, the majority whip, and in the Senate by presidential candidate Elizabeth Warren of Massachusetts. That provision alone in the Student Loan Debt Relief Act […]

July 23, 2019

Students

Study: Cutting Federal Graduate Loans Would Harm Black Students, HBCUs

Cuts to federal student loans for graduate and professional students could be devastating to African-Americans and, in a ripple effect, historically Black colleges and universities, according to a study by the AccessLex Institute.

July 22, 2019

Students

New Survey Finds College Students Lack Financial Literacy

Today’s college students are feeling unprepared to manage their finances and have already accumulated high amounts of debt, according to a recent survey by EVERFI.

July 15, 2019

Students

Study: Debt Load Disparities Hamper K-12 Teacher Diversity

A new Center for American Progress report finds that the disproportionate student loan debt burden carried by educators of color further exacerbates efforts to recruit a diverse teacher workforce.

July 9, 2019

Students

Judge Green-Lights Lawsuit Against Student Loan Service Provider

A federal judge has allowed a class-action lawsuit filed by the American Federation of Teachers against student loan servicer Navient to go forward. U.S. District Judge Denise Cote in New York issued the opinion in the suit, which AFT filed in autumn 2018. “We are grateful for Judge Cote’s decision, which permits our case to […]

July 9, 2019

Students

Survey: Most Employees Have Regrets About Their College Degree

Although a college education is still considered a pathway to higher lifetime earnings and gainful employment for Americans, two-thirds of employees report having regrets when it comes to their degrees, according to a PayScale survey of 248,000 respondents this past spring, according to a CBS News report. Student loan debt was the top regret among […]

June 26, 2019

Students

Study Shocker: Students Illiterate About College Financial Aid

College-bound high school students, no matter their economic background, consider the price of college to be a very important factor in their decision-making, even those whose families are paying for their education and aren’t eligible for financial aid. However, most students across economic backgrounds and financial categories have a “shockingly low” knowledge of how the […]

June 26, 2019

Students

TICAS Report Sheds Light on Student Loan Defaults

A report from The Institute for College Access and Success (TICAS) finds that, of the nearly seven million borrowers who take out student loans, more than a million Direct Loan borrowers have entered default in just the last 12 months.

June 17, 2019

Students

Report: Student Loan Debt Thwarts Do-Over for Many Bankruptcy Filers

Millions of Americans have filed Chapter 7 bankruptcy to eliminate crippling debt and get a fresh financial start, but nowadays it isn’t unusual for people to come out of the process still owing much of their debt in the form of student loans, according to a report issued Tuesday by LendEDU.

June 11, 2019

Students

Discharge, Reparations Part of Student Loan Debt Discussion

Cancellation and reparations, two topics that have not been at the forefront of discussion about the twin student loan debt and default crises, surfaced during an event Tuesday presented by the Bipartisan Policy Council, the Consumer Bankers Association and The Aspen Institute Financial Security Program.

May 14, 2019