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So Much for Open Debate: Chronicle of Higher Education Student Loan Default Rate Event Is Bought and Paid For by Industry
October 08, 2012
by greenbee
The Department of Education released new student loan default rate information in September and it’s not pretty! The overall two year cohort default rate increased to 9.1% (FY 2012 data). […]
Continue Reading →Giving Financially Distressed Borrowers a Chance (Part 1)
September 23, 2012
by greenbee
A recent New York Times article about student loan debt collectors raises a number of important issues that we will be writing about in a series of blogs. The article […]
Continue Reading →Collection Agency Abuses
September 05, 2012
by greenbee
The Second Circuit recently issued an important decision that highlights student loan collection agency abuses. The court found that a collection agency’s notice to a student loan borrower stating “Account […]
Continue Reading →Stopping Default Rate Manipulation
August 28, 2012
by greenbee
The Senate Health, Education, Labor and Pensions Committee’s July 2012 report on for-profit higher education contains a wealth of important and shocking information about the for-profit education industry. Among other […]
Continue Reading →The Student Loan Default Trap
July 31, 2012
by greenbee
The Student Loan Default Trap: Why Borrowers Default and What Can Be Done, a new report released on Monday from the National Consumer Law Center’s Student Loan Borrower Assistance Project, […]
Continue Reading →Relief for Private Student Loan Borrowers
July 28, 2012
by greenbee
The U.S. Senate Banking Subcommittee on Financial Institutions and Consumer Protection held a hearing earlier this week, “Private Student Loans: Providing Flexibility and Opportunity to Borrowers?” In our testimony, we […]
Continue Reading →Recent Changes to Student Aid and Other New Developments
July 05, 2012
by greenbee
July 1 was an important date for many student borrowers. Key changes to student aid programs include: 1. New students without high school diplomas or GEDs will no longer be […]
Continue Reading →New Web Site for Borrowers in Default: Is it an Improvement?
June 13, 2012
by greenbee
The Department of Education posted a new web site for borrowers in default. It is intended to be a central point of entry for borrowers in default with information about […]
Continue Reading →Finally Some Action on Consolidation and Rehabilitation?
May 29, 2012
by greenbee
We have written a number of posts about ongoing operational problems at the Department of Education. We received some encouraging news this week that some of these problems may be […]
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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