For the first time in half a decade, the rate of education loan defaults among recent college students has risen, highlighting the struggle many recent graduates face when it comes to paying their educational debts. [More]
TICAS
Student Loan Defaults Increase For First Time In Five Years; 8.5M Borrowers Now In Default
By 9.28.17
Student Loan Debt For Recent College Graduates Increases Again, Now At $30K
By 10.18.16
With college tuition continuing to increase, it probably won’t surprise many people to learn that college graduates are leaving school burdened with more loan debt. According to a new report, the average amount of student loan debt for new graduates has passed $30,000 for the first time. [More]
Student Loan Default Rates Decline, But A Record Number Of Borrowers Are In Default
By 9.29.16
While the number of borrowers defaulting on their federal student loans didn’t increase this year, the number of consumers who remain in default hasn’t really change either, creating a stand-still of sorts. [More]
Student Loan Debt For Recent College Graduates Increases Again
By 10.27.15
With college tuition prices continuing to rise, you might assume that college students are entering the real world with more debt on their shoulders. According to a new report, that assumption would be correct.
[More]
Groups Say Proposed Student Loan Plan Doesn’t Provide Enough Assistance
By 8.10.15
The Dept. of Education recently proposed regulations intended to make the student loan repayment process less burdensome and drawn-out. Nearly two dozen consumer advocacy groups say that while these rules should help borrowers, more could be done to ensure that all students benefit. [More]
When Comparing Colleges, It Would Help To Know If A School Is Under Investigation
By 7.22.15
Many consumers thinking of pursuing a higher education weigh the pros and the cons of a specific college: tuition, convenience, available areas of study. Last month, the Department of Education announced it would make the college shopping experience a little easier for prospective students by creating a consumer-facing online college comparison system. While the tool will no doubt be helpful, consumer advocates warn that, as it stands, the system will be missing a vital information: whether or not schools are party to investigation, lawsuits or settlements over harmful and deceptive practices. [More]
Congress Takes Another Stab At Undercutting Gainful Employment Rules Two Weeks Before Implementation
By 6.17.15
The Department of Education’s long-awaited gainful employment rules – aimed at reining in the for-profit college industry – go into effect on July 1. But just because there are only 14 days before implementation, doesn’t mean those opposed to the regulations are giving up their fight. [More]
Consumer Groups Ask Congress To Ensure That For-Profit Schools Are Held Accountable
By 4.23.15
When the new gainful employment rules take effect later this year, for-profit educators would need to demonstrate that their programs are actually training graduates to earn a living. But a pending piece of legislation seeks to give these schools a free pass to billions of dollars in federal student aid.
69% Of 2013 College Graduates Left With A Degree And An Average Student Loan Debt Of $28,400
By 11.17.14
By now we are well aware that college tuition continues to rise and consumers continue to take out hefty student loans to meet those growing costs. So it should come with relatively little surprise that the average debt graduates leave college with remains high; this year with an average of $28,400. [More]
