A new white paper, released Tuesday by American Student Assistance (ASA), calls for better data on the number of students negatively impacted by student loan debt, including data on delinquency and repayment struggles. The paper looks at current studies and data on student loan outcomes and finds “a growing body of economic evidence that education debt is ha […]
"The Education Department, which has been roundly criticized by historically black colleges over changes in the underwriting criteria of its PLUS-loan program, is considering softening its standards for awarding the loans," The Chronicle of HIgher Education reports.
"Americans needing federally subsidized student loans for undergraduate or graduate programs at colleges and universities will pay a higher interest rate in the coming academic year, according to new projections from the Congressional Budget Office (CBO). And the cost of borrowing money to finance a college education will continue to rise in the coming […]
"The Federal Reserve Bank of Chicago is investigating Higher One, the leading issuer of campus debit cards, and one of its former bank partners for potentially engaging in unfair or deceptive practices," Credit.com's Blog reports.