20 avril 2017

More loans misery as provider goes under

By Stephen Downes - Stephen's Web. More loans misery as provider goes under
Billy Camden, FE Week, 2017/03/10
The big difference between corporations and societies is that corporations can fold while societies can't. The people in a society don't disappear, the obligations don't just go away, the debts cannot simply be written off. More...

Posté par pcassuto à 14:29 - - Permalien [#]

15 avril 2017

A new look at the lasting consequences of student debt

University Business LogoSubmitted by Stefanie Botelho. Recent college graduates who borrow are leaving school with an average of $34,000 in student loans. That's up from $20,000 just 10 years ago, according to a new analysis from the Federal Reserve Bank of New York. More...

Posté par pcassuto à 23:55 - - Permalien [#]

The fate of student debt forgiveness

University Business LogoSubmitted by Stefanie Botelho. Imagine if one notice from the federal government could cause you to question your major life decisions.
More than half a million people may have found themselves in that situation after a new legal filing by the Education Department. More...

Posté par pcassuto à 23:32 - - Permalien [#]

Colleges must do more to help students graduate on time, reduce debt burden

University Business LogoSubmitted by Tim Goral. Vanessa Brewer grew up with aspirations to become the first member of her family to earn a college degree. She excelled in high school but struggled early in her college career at the University of Texas at Austin to find her place. More...

Posté par pcassuto à 18:51 - - Permalien [#]

Student loan interest rate set to rise by a third after UK inflation surge

The Guardian homeBy. Increase in inflation, driven by pound’s Brexit slide, means students will pay more as others benefit from low borrowing rates. More...

Posté par pcassuto à 17:36 - - Permalien [#]

14 avril 2017

Students protest over switch from study grants to loans

The students were demonstrating following a government decree signed by President Pierre Nkurunziza transforming their grants into loans, reported Radio France International. More...

Posté par pcassuto à 08:59 - - Permalien [#]

12 avril 2017

Loan Forgiveness Uncertainty

HomeBy Andrew Kreighbaum. Recent court filing by Department of Education fuels uncertainty about whether borrowers can count on contractors’ assertions that they qualify for federal debt relief program. More...

Posté par pcassuto à 01:00 - - Permalien [#]

Two Debt Collectors Won't Raise Fees for Defaulted Borrowers

HomeBy Andrew Kreighbaum. Two debt collectors said in separate statements this week that they will not assess collection fees on defaulted student loan borrowers who quickly enter repayment, despite new guidance from the Department of Education. More...

Posté par pcassuto à 00:53 - - Permalien [#]

11 avril 2017

$137B in Federal Student Loans in Defaults in 2016

HomeBy Andrew Kreighbaum. An analysis of new student loan data finds the number of federal loans in default at the end of 2016 increased 14 percent from 2015. Cumulative defaults -- defined in federal law as nine months past due -- stand at $137.4 billion, according to the analysis by the Consumer Federation of America. Read more...

Posté par pcassuto à 23:12 - - Permalien [#]

Study Examines Loan Aversion by Population

HomeBy Emily Tate. A new study out of Vanderbilt University seeks to quantify loan aversion among different populations. More...

Posté par pcassuto à 22:21 - - Permalien [#]