30 septembre 2018

Judge rules DeVos delay of Obama-era student loan rules ‘unlawful’

University Business Magazine logoA federal judge on Wednesday ruled that Education Secretary Betsy DeVos’ various delays of Obama-era regulations governing loan forgiveness for defrauded borrowers were illegal. More...

Posté par pcassuto à 17:03 - - Permalien [#]

Full loan relief rare for students at for-profit colleges

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The Trump administration is granting only partial loan forgiveness to the vast majority of students approved for help because of fraud by for-profit colleges, according to preliminary Education Department data obtained by The Associated Press. More...

Posté par pcassuto à 11:18 - - Permalien [#]

House passes bill on student aid counseling

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The House on Wednesday passed a bipartisan bill to improve financial aid counseling for students who receive a Pell Grant or federal student loan. The Empowering Students Through Enhanced Financial Counseling Act (HR 1635) would require annual student aid counseling with students and parents and to get their consent that they understand their financial obligations before receiving a federal student loan. More...

Posté par pcassuto à 10:40 - - Permalien [#]

Temple rankings scandal spotlights M.B.A. grads’ debt

University Business Magazine logoWhen Temple University said in July that its business school had misreported student data for U.S. News & World Report’s annual M.B.A. rankings, the school disclosed another troubling error: It had understated the debt load its typical business student carried after graduation. More...

Posté par pcassuto à 00:19 - - Permalien [#]

29 septembre 2018

Federal advocate for student loan borrowers resigns

University Business Magazine logoThe nation’s roughly 44 million student loan borrowers have lost their advocate inside in the U.S. government. More...

Posté par pcassuto à 23:01 - - Permalien [#]

The soaring default rate on college debt

University Business Magazine logoA university president I know was invited to an Obama administration meeting regarding default rates on student loans. One administration official admonished the invited presidents on their default rates and the potential loss of funding if their default rate was too high. More...

Posté par pcassuto à 21:34 - - Permalien [#]

25 septembre 2018

Average Loan Debt for Graduates of Four-Year Colleges: $28,650

HomeBy Paul Fain. The average student loan debt last year for graduates of four-year colleges who took out loans was $28,650, according to the latest version of an annual report from the Institute for College Access and Success (TICAS). The average amount was up $300, or 1 percent, from 2016. More...

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

Bankruptcy Trustee Sues Feds, Lenders Over ITT Loans

HomeBy Paul Fain. The trustee appointed to oversee the bankruptcy proceedings for ITT Educational Services Inc. is suing the U.S. Department of Education and lenders who backed the failed for-profit chain's private loan program, The Wall Street Journal reported. More...

Posté par pcassuto à 21:16 - - Permalien [#]

24 septembre 2018

Universities face new tax over student loans

By Geoff Maslen. Australia’s higher education institutions face a heavy and unexpected new tax for every student who takes out a federal loan to cover the cost of their studies. More...

Posté par pcassuto à 12:44 - - Permalien [#]

Government doubles student loan numbers

By Esther Nakkazi. The Ugandan government has doubled the number of student loans awarded through the Higher Education Students’ Financing Board (HESFB) with the aim of achieving equitable access to affordable higher education. More...

Posté par pcassuto à 12:35 - - Permalien [#]