CNBC: “Trillion dollar college debt crisis”

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Gainful Employment: For-Profit Colleges Win Big with Elimination of Program-Level CDRs

The final gainful employment rule released last week eliminated a key accountability measure for career education programs. As a result, many programs that would have failed the draft rule will now pass the final rule.  While some have argued that … Continue reading

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How a Strong Gainful Employment Rule Would Have Helped Corinthian Students

In May, we wrote about the 114 career education programs from which more students default than graduate (it’s actually even worse than that since they have more defaulters in one year than graduates over two years). With Corinthian Colleges now … 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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Want better data? Speak up now!

Much of the information we have on college costs, financial aid, enrollment, and completion comes from the U.S. Department of Education’s annual surveys of colleges, collectively called IPEDS. Researchers and policymakers rely heavily on IPEDS data, and the Department’s own … 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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CBO Projects Almost No Annual Growth in Pell Grant Costs (2012-13 to 2023-24)

The nonpartisan Congressional Budget Office (CBO) recently released a report that explores the growth in the Pell Grant program between 2006-07 and 2010-11, citing factors such as the economic downturn and legislated policy changes. We are planning to dig deeper … Continue reading

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Income-Driven Repayment Plans are No Substitute for an Interest Rate Cap

Both the President’s FY14 Budget and the Comprehensive Student Loan Protection Act, reintroduced in the Senate this week, propose significant changes to federal student loan interest rates. Rather than being set by Congress, interest rates on new student loans would … Continue reading

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PBR Nightly Business Report – “College Students Graduating Deeper in Debt”

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