Posts Tagged ‘student loans’
DC Shuttle: Congress Scrutinizes Colleges’ Unrelated Biz Income; Takes Interest in Loan Rates
by The New England Council
May 13, 2013
Rewriting K-12 law. On Tuesday, the House Committee on Education and the Workforce held a hearing on state and local accountability systems for education. Chair John Kline (R-MN) outlined four Republican priorities for rewriting the nation’s K-12 education law, known as the Elementary and Secondary Education Act (ESEA) or No Child Left Behind: restore local ...
Read MoreTags: DC Shuttle, federal education policy, New England Council, student loans | No Comments
Pew Words About Student Debt
by Ashley Perzyna
October 11, 2012
Nearly one in five American households maintains student loan debt, up from 15% in 2007 and 10% in 1989, according to a recent report from the Pew Research Center.
The report also states that rates of student loan debt increased in every demographic group and economic category, and is particularly acute in the bottom and top ...
Read MoreTags: Ashley Perzyna, Pew Research Center, student debt, student loans | No Comments
DC Shuttle: 10 Colleges Commit to White House Plan to Give Students Clearer Price Info; Rise in Student Loan Interest Rates Looming
by The New England Council
June 11, 2012
On Tuesday, administration officials announced a White House partnership with 10 colleges and universities to give students better information on the cost of higher education and financial aid options. The schools, which include the University of Massachusetts System, have voluntarily committed to adopting an information sheet for incoming students to help them understand the costs ...
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DC Shuttle: How to Pay for Student Loan Interest Rate Extension
by The New England Council
May 15, 2012
On Tuesday, Senate Republicans blocked a motion to proceed on the Senate Democrats' bill (S. 2343) to extend current interest rates on federal student loans for one year. With a vote of 52-45, the cloture motion failed to garner the needed 60 votes to proceed. Republicans objected to Majority Leader Harry Reid's (D-NV) refusal to ...
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For Students, These Are Borrowed Times
by Monnica Chan
May 10, 2012
It was quite a week for student financial aid news.
On the very day that a Republican filibuster halted a Democrat-backed student loan bill that would have extended the 3.4% interest rates on subsidized Stafford loans, a key administration official went to Boston to pitch the president's goals on higher ed funding and a national think tank delivered ...
Read MoreTags: Brookings Institution, Martha Kanter, student loans, U.S. Department of Education | No Comments
DC Shuttle: To Hold Down Student Loan Interest Rates, Congress Weighs Cuts to Health Law, Closing Tax Benefits for Oil and Gas Cos.
by The New England Council
April 30, 2012
On Wednesday, Senate Democrats introduced a bill (S. 2343) to extend the current interest rate on subsidized student loans for one year beyond the July 1 expiration date. The Congressional Budget Office (CBO) estimated the cost of a one-year extension to be $6 billion, which the bill would pay for by ...
Read MoreTags: Consumer Financial Protection Bureau, DC Shuttle, federal education policy, John Tierney, New England Council, student loans, White House | No Comments
Heap of Debt: Will Student Loan Interest Rates Go Up?
by Carolyn Morwick
April 24, 2012
Americans now owe more on student loans than on credit cards, auto loans and mortgages, according to the Federal Reserve Bank of New York and the U.S. Department of Education. For the first time, student loans taken out in 2011 exceeded $100 billion with total student loans surpassing $1 trillion. Mounting ...
Read MoreTags: College Cost Reduction and Access Act, New England members of Congress, student loans | No Comments
DC Shuttle: Gainful Employment Rules, Reducing Loan Defaults and Other Higher Ed News from Washington
by The New England Council
June 6, 2011
On Thursday, the Education Department released the final "gainful employment" rules for vocational schools. In order to qualify for federal financial aid, for-profit and certificate programs will be required to prepare students for gainful employment by meeting one of three requirements: the average annual student loan payment is not more than 30% of a graduate's ...
Read MoreTags: Congress, DC Shuttle, federal policy, for-profit, gainful employment, New England Council, Senate Health Education Labor and Pensions Committee, student loans | No Comments
Delinquents: Student Borrowing Behavior
by David Mabe
March 17, 2011
Students who left postsecondary institutions before earning a degree or certificate—and students who attended two-year and for-profit institutions—faced delinquency on their student loans at much higher rates than their peers, according to a new study released by the Washington, D.C.-based Institute for Higher Education Policy (IHEP).
Delinquency: The Untold Story of Student Loan Borrowing, ...
Read MoreTags: debt, Institute for Higher Education Policy, new report, Postsecondary Education, student loans | No Comments
Time to Turn Attention to a Different Debt Limit: Downsize Federal Student Loan Programs
by Thomas D. Parker
July 25, 2011
I have spent much of my working life studying and promoting student loans. As a good liberal Democrat, I spent years arguing for the expansion of the old Federal Family Education Loan Program (FFELP) which had its roots in Lyndon Johnson’s War on Poverty. My professional life included stints working for one of the ...
Read MoreTags: Federal Direct Student Loan Program (FDLP), FFELP, First Marblehead Corporation, Institute for Higher Education Policy (IHEP), student loans, Thomas D. Parker | 7 Comments