Last week, the US Department of Education announced regulations aimed at protecting students at career colleges from taking on burdens of student loan debt, which they would not be able to repay. The regulations stipulate that the institutions offering career training programs must demonstrate improvements in their outcomes for students, or risk losing access to […]

Read More

Starting in 2011, scrutiny on parents’ credit when applying for PLUS loans intensified and saw tens of thousands of students hard hit when loans were denied. Minority and low-income students were the ones most affected and many had to drop out of college because they were capped out on what they could borrow and PLUS […]

Read More

The Department of Education recently released a revealing new report comparing student debt one year after graduation for three graduation years – 1993, 2000 and 2008. The DOE compiled statistics on the debt load, starting salary, percentage of those in repayment, living at home after graduation and other interesting comparative information on outcomes after graduation. […]

Read More

Back in 2011, the Obama administration developed regulations to encourage college programs to better prepare students for “gainful employment” and to take action against schools who are failing to adequately prepare graduates for real world job opportunities. Career colleges that did not satisfy the requirements would lose their ability to receive Pell Grant funds and […]

Read More

New loan data released by the government shows that default rates continue to rise steadily as they have over the last six years. These statistics reflect only the default rates of recent graduates (within the last 2-3 years) but in fact, there are more than 2.1 million borrowers in default and that number grows every […]

Read More

We’ve talked a lot in this blog about the student loan bubble – now at one trillion dollars – and the impact of debt stress on borrowers. And what’s been disappointing recently is that the government has been largely ignoring this burgeoning crisis. When President Obama made his State of the Union address last month, […]

Read More

President Obama’s Tuesday State of the Union address devoted only a few minutes to the critical topic of education and little of that to higher education. The bulk of the time was devoted to pre-school through high school education but in the last moments of that topic, he finally got to college education and affordability […]

Read More