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U.S. Senators Demand Information about Federal Student Loan Servicing
July 10, 2014
We issued a policy brief in June on student loan servicing. We urged the Department of Education not to renew the current servicing contracts. We said that borrowers and taxpayers […]
Continue Reading →Open Letter to the U.S. Department of Education: Put Corinthian Students First
June 30, 2014
by Ella Halpine
The Department has long known that Corinthian Colleges posed a grave risk to its students and to taxpayers. In November 2012, the Department determined that Corinthian failed to earn […]
Continue Reading →New Rules for Loan Rehabilitation
June 28, 2014
We wrote earlier about a number of important changes to the federal student loan program. It took a long time, but it’s now almost July 1, the date when the […]
Continue Reading →Corinthian as Wake-Up Call to For-Profit School Regulators
June 26, 2014
by Ella Halpine
Last week we issued a report highlighting the urgent need for stronger state oversight of for-profit colleges, Ensuring Educational Integrity: Ten Steps to Improve State Oversight of For-profit Schools. On […]
Continue Reading →What Is President Obama Proposing to Do to Make Student Loans More Affordable?
June 16, 2014
President Obama announced new executive actions last week to address rising student loan debt burdens. The proposed changes to income-based repayment received the most attention. The current Pay As […]
Continue Reading →Why Won’t the Department of Education Provide Information about Consolidation and Servicer Choice?
May 27, 2014
We wrote earlier about potential problems with the Department of Education’s new “servicer choice” consolidation application system. At that point, most, but not all borrowers were required to use the […]
Continue Reading →What Does “Gainful Employment” Mean?
May 17, 2014
Comments on the Department of Education’s proposed “gainful employment” regulation are due next Tuesday May 27. This is the Department’s second attempt to define what it means for career […]
Continue Reading →Surprise Defaults on Private Student Loans and the Harm to Borrowers
May 12, 2014
The Consumer Financial Protection Bureau’s (CFPB) April 2014 update on student loan complaints highlights a particularly insidious problem in the private student loan industry—the practice of “auto default” in which […]
Continue Reading →What are the new student loan interest rates?
April 18, 2014
It can be confusing to figure out interest rates on student loans because the rates keep changing. Congress passed a law last year tying the federal student loan interest rates […]
Continue Reading →More Updates & News
Important Note: On June 24, 2024, two court decisions temporarily blocked parts of the SAVE Plan from taking effect. These decisions may change borrowers’ rights and access to certain benefits, including repayment plans. We will update this website with more details on how this will impact borrowers soon. Visit here for more information.
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