The latest figures are out from the Department of Education and the share of borrowers using Income-Based Repayment (IBR) to repay federal student loans is rising rapidly. It now stands at 28 percent of Direct Loan b… Learn more.
As this year’s crop of college graduates don their caps and gowns and listen to inspiring commencement addresses before embarking on uncertain futures, they’ll also hear a lot about the consequences of the large … Learn more.
The results are in and interest rates on federal student loans are set to drop for the 2015-16 school year. Undergraduates will see rates drop from 4.66 percent to 4.29 percent. But this boon for borrowers almost was… Learn more.
The only thing growing faster than the cost of college is the number of former Corinthian College students refusing to pay their debts. What started as a 15 person strike has now grown to approximately 100 people. Th… Learn more.
Last week the Obama administration took another step toward expanding their more generous version of Income-Based Repayment (IBR), known as Pay As You Earn (PAYE), to borrowers who were previously ineligible, despite gro… Learn more.
Ending the bank-based federal student loan system in 2010 was all about cost savings. Taking subsidies banks received to make loans and putting them toward increasing the maximum Pell Grant award was a sensible polic… Learn more.
In “Here’s a New Way to Pay for College,” an article published in USA Today [http://college.usatoday.com/2014/04/17/heres-a-new-way-to-pay-for-college/], Daniel Wheaton reports on a new Far-Right proposal to ad… Learn more.