CNBC: “Trillion dollar college debt crisis”

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Why the link between CDRs and Pell Grants is good for students

When too many borrowers default on their student loans, colleges can lose eligibility for federal aid. Colleges with a cohort default rate (CDR) above 40% lose eligibility to offer federal loans, and colleges with three consecutive CDRs at or above … Continue reading

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Closing GE Loopholes: The Case for a Repayment Rate

As the Department of Education works on a final rule to stop federal funding for career education programs that over-promise and under-deliver, it needs to close loopholes to prevent unscrupulous colleges from gaming the system. Under the draft regulation, career … Continue reading

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Where More Default Than Graduate: Career Education Program Parasites

The Obama Administration is moving forward in defining what it means for career education programs to “prepare students for gainful employment in a recognized occupation.” This requirement – which applies to programs at public, nonprofit, and for-profit colleges – has … Continue reading

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Targeted IBR Outreach Is Underway: Great News for Struggling Borrowers, a Few Tweaks Needed

The U.S. Department of Education announced this week that it’s reaching out to about 3.5 million federal student loan borrowers who are carrying higher than average debt or showing signs of financial distress. The goal of the Department’s email campaign … Continue reading

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U.S. Department of Education Issues New Rules on Student Loans, Strengthens Key Provisions for Distressed Borrowers

The U.S. Department of Education has released new final regulations that strengthen key protections for distressed borrowers with federal student loans. The regulations also make conforming revisions to reflect legislative changes related to student loans. The new regulations will make … Continue reading

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Federal Government Default Could Increase the Cost of College for Millions of Americans

As the possibility of Congress failing to raise the debt limit and the federal government defaulting on its obligations becomes more real, we looked at what impact this might have on federal student loans. Since the U.S. government has never … Continue reading

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Low-Hanging Federal Loan Fruit

For college students who need to borrow, at any type of school, federal student loans are the safest and most affordable choice. Unfortunately, some community colleges across the country continue to deny their students access to federal loans. This leaves … Continue reading

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Pay As You Earn Now Available to Help New College Grads

Starting tomorrow (Friday, December 21), recent college graduates with federal student loans can apply to lower their monthly payments using the Pay As You Earn plan. This new repayment plan has a lower monthly payment cap than the more widely … Continue reading

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New Pay-As-You-Earn Plan Will Make Loan Payments More Affordable for Borrowers with Modest Incomes

Recent and soon-to-be college graduates will soon have a new option to help keep their federal student loan payments manageable and avoid default—the Pay-As-You-Earn repayment plan recently finalized by the U.S. Department of Education. Students graduating from college this year … Continue reading

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