Policy Paper – Safety Net or Windfall? Examining Changes to Income-Based Repayment for Federal Student Loans, by Jason Delisle, Alex Holt, New America Foundation, October 16, 2012 “The U.S. Department of Education plans to finalize changes to IBR lowering student loan payments from 15 to 10 percent of a borrowers discretionary income and accelerating… Continue Reading
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Search Results for: student loans
CFPB – Private Student Loans Report
“The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the Director of the Consumer Financial Protection Bureau and the Secretary of Education to submit a Report on private student loans. This Report addresses the following topics, as set forth in the Act: The private lenders, their market and their products, as they have evolved… Continue Reading
CFPB publishes thousands of comments on private student loans
News release: “Making sure that borrowers have clear information to make the best possible choice is critical. But borrowers have told us they didnt know that private student loans dont always have the same repayment options as federal student loans. These options allow borrowers to cap their payments as a portion of their income … Continue Reading
TRAC: Recent Rise in Federal Suits to Recover Student Loans
“The latest month-by-month data from the federal courts shows that in March of this year the government reported that it had sued 279 individuals in order to seek recovery of defaulted student loans. According to the timely case-by-case case civil enforcement information analyzed by the Transactional Records Access Clearinghouse (TRAC), this count was 25.7% higher… Continue Reading
New GAO Reports: Defense Infrastructure, Export Promotion, Fusion Centers, Student Loans, TARP
Defense Infrastructure: Department of Defense’s Energy Supplemental Report, GAO-10-988R, September 29, 2010 Department of Defense: Financial Management Improvement and Audit Readiness Efforts Continue to Evolve, GAO-10-1059T, September 29, 2010 Export Promotion: Observations on the Export-Import Bank’s Efforts to Achieve U.S. Policy Goals, GAO-10-1069T, September 29, 2010 Information Sharing: Federal Agencies Are Helping Fusion Centers Build… Continue Reading
CBO: Analysis of the Subsidy Costs of Direct and Guaranteed Student Loans
Analysis of the Subsidy Costs of Direct and Guaranteed Student Loans – July 27, 2009 – Letter to the Honorable Judd Gregg “The Federal Family Education Loan Program (FFELP) provides federal guarantees for loans made to students by private lenders and is the predominant source of loans for higher education; the Budget Office (CBO) projects… Continue Reading
CFPB: Student debt swells, federal loans now top a trillion
Rohit Chopra is the CFPB’s Student Loan Ombudsman. This post is excerpted from prepared remarks before a conference hosted by the Center for American Progress on July 17, 2013, in Washington, DC. “While there has been considerable attention by policymakers on federal student loan interest rates taken out for the 2013-2014 academic year, outstanding student… Continue Reading
Biden admin launches new income-driven student loan repayment program
The Hill: “The Biden administration officially launched the new income-driven student loan repayment plan for borrowers Tuesday, ahead of repayments restarting this fall. The official launch of the Saving on a Valuable Education (SAVE) plan comes just weeks before interest will begin to accrue on student loans for the first time in more than three… Continue Reading
Apply for Federal Student Loan Debt Relief
StudentAid.gov – Eligibility for Debt Relief. “What Is Federal Student Loan Debt Relief? It’s a program that provides eligible borrowers with full or partial discharge of loans up to $20,000 to Federal Pell Grant recipients and up to $10,000 to non-Pell Grant recipients. Individuals who made less than $125,000 in 2021 or 2020 Families that… Continue Reading
The Student Loan Debt Fire Burning Around Us
ABA: “As young lawyers, I imagine you are well aware of this meme: a dog sitting and drinking a cup of coffee while the room burns around him, saying, “This is fine.” The capture from Gunsmoke evokes a sense of self-denial or acceptance in the face of a hopeless situation.Student debt feels a bit like… Continue Reading
Millions of borrowers may be eligible for a refund on student loan payments made during Covid
CNBC: “There’s good news for the millions of people with federal student loans who’ve made payments on that debt during the Covid pandemic: many of them will be eligible to get the money back. The U.S. Department of Education says that many borrowers eligible for President Joe Biden’s student loan forgiveness plan who made payments… Continue Reading
More students are dropping out of college during Covid — and it could get worse
The Hechinger Report: “he share of students returning for their second year of college fell in 2020 to the lowest level since 2012, and the omicron surge and lingering uncertainty around the virus could deepen the dropout crisis …Of the 2.6 million students who started college in fall 2019, 26.1 percent, or roughly 679,000, didn’t… Continue Reading
