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Parent PLUS Loans a ‘Double-Edged Sword’ for Black Families
As more families with fewer resources turn to Parent PLUS loans to afford higher education, policy makers need to seek broader reforms to improve college affordability, a new study says.
More Borrowers at Risk of Defaulting
With student loan payments set to resume, a Consumer Financial Protection Bureau report shows more borrowers are struggling. “The situation is worse than we could have imagined,” one advocate said.
‘Tough Choices’ Ahead on Federal Budget
Lawmakers voted to not spend more money on domestic programs in order to avert default. That doesn’t leave much wiggle room for appropriators to increase the Pell Grant or give more money to Federal Student Aid.
A ‘Modest but Important Step’ Against Transcript Withholding
The proposed ban comes as more states are restricting colleges and universities from withholding transcripts when a student owes money to the institution. The planned federal ban would only apply in some cases.
A ‘More Rigorous Process’ to Determine Financial Aid Eligibility
Biden administration wants to add a host of new conditions to the agreements that allow colleges and universities to receive financial aid. Critics say those proposals need more work.