27 juillet 2017

Most graduates will never pay off their student loans

The ConversationNew finding show that more than 70% of students who left university last year are never expected to finish repaying their loans. The report by the Institute for Fiscal Studies (IFS) shows that many of these graduates – the first cohort to pay the higher £9,000 fees – will be making repayments for 30 years. More...

Posté par pcassuto à 00:49 - - Permalien [#]


26 juillet 2017

Let graduates use super to pay off HELP debt faster

The ConversationIf the Senate passes budget reforms for higher education, Higher Education Loan Program (HELP) repayments would start earlier, with a wider range of rates: 1% of income for those earning A$42,000, rising to 10% at $120,000. More...

Posté par pcassuto à 19:12 - - Permalien [#]

13 juillet 2017

Few Solutions for Defrauded Borrowers

HomeBy Andrew Kreighbaum. Student advocates say Education Department’s slow processing of borrower-defense claims and blocking of ban on mandatory arbitration put defrauded borrowers in a bind. More...

Posté par pcassuto à 11:36 - - Permalien [#]

DeVos Allows Career Programs to Delay Disclosure to Students

HomeBy Andrew Kreighbaum. Two weeks after announcing a regulatory rewrite of the gainful-employment rule for nondegree career education programs, Education Secretary Betsy DeVos announced late Friday that she was delaying key provisions of the existing rule. More...

Posté par pcassuto à 11:32 - - Permalien [#]

Beneficiaries of the DeVos Delay

HomeBy Andrew Kreighbaum. Seizing on a narrow court order affecting cosmetology programs, education secretary delayed key provisions of gainful-employment regulations. But the suspended provisions will affect a broad range of vocational programs with questionable outcomes. More...

Posté par pcassuto à 11:29 - - Permalien [#]


Analysis: Refinancing Would Help Small Number of Households

HomeBy Andrew Kreighbaum. An analysis of a popular proposal allowing borrowers to refinance federal student loans finds that most of the benefits of refinancing would be seen by a small number of households with relatively high debt. More...

Posté par pcassuto à 11:23 - - Permalien [#]

New Head of Federal Student Aid Announced

HomeBy Andrew Kreighbaum. Education Secretary Betsy DeVos announced Tuesday that she will appoint A. Wayne Johnson, a financial services executive, to oversee the government's $1.4 trillion student loan portfolio as the next chief of federal student aid. More...

Posté par pcassuto à 11:16 - - Permalien [#]

Court Orders Education Department to End Delay in Ruling on Loan Discharge

HomeBy Andrew Kreighbaum. A federal district court judge last week ordered the Department of Education to rule within 90 days on an application for loan relief by a former Corinthian Colleges student. The application has been pending for more than two years. More...

Posté par pcassuto à 10:38 - - Permalien [#]

Lawmakers Concerned About Loan Servicing Shift

HomeBy Andrew Kreighbaum. More than 150 House and Senate Democrats sent Education Secretary Betsy DeVos a letter Monday that objected to her department's recently announced shift in how it chooses the contractors that service federal student loans. More...

Posté par pcassuto à 10:33 - - Permalien [#]

Moving Student Loans to Treasury Gets Little Traction

HomeBy Andrew Kreighbaum. The Trump administration has held internal discussions about relocating some functions of the Department of Education to other federal agencies, including moving its $1.4 trillion student loan portfolio to the Treasury Department, according to media reports. But that idea, which has periodically resurfaced for years, hasn't found serious interest among members of Congress. More...

Posté par pcassuto à 10:30 - - Permalien [#]