Gathering of policy makers and researchers reveals widespread agreement that financial aid system should be streamlined -- but offers little confidence that it will be.
For all their talk about how damaging and risky the Obama administration's student loan proposal could be for students and the country, leaders in the student loan industry appear to be willing to live with the plan in its broad outlines -- or at least to have concluded that they can't do too much to derail it.
As House Democrats embrace Obama loan proposal, many at financial aid meeting (often grudgingly) see shift to government-based lending as inevitable, though lenders vow continued fight.
Start-up company aims to help college grads avoid missed payments on their student loans by providing a line of credit. But is it better than government's new income-based repayment plan?
Submitted by Doug Lederman on October 19, 2009 - 3:00am
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Critics say exemption in bill to create Consumer Financial Protection Agency would let for-profit colleges ply students with their own high-interest loans.
Submitted by Doug Lederman on December 14, 2009 - 3:00am
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When colleges' borrowers are tracked three years into repayment instead of two, the rates at which they default on student loans rise by 75 percent. Many more risk penalties.
