As second longtime target collapses and enforcement actions pile up, Consumer Financial Protection Bureau becomes key regulator of student loan industry and for-profit higher ed.
The share of students defaulting on their federal loans within three years fell this year, as the Obama administration again made a controversial tweak to the default rates in ways that helped some colleges.
Community college students who take out small federal loans are more likely to default, new report finds, and most defaulters earned fewer than 15 credits and never made a payment on their debt.
Repayment rates may replace default rates as key measure of quality. That's bad news for many for-profit and historically black colleges, and some community colleges, too.
Martin O'Malley introduces his plan for debt-free college by talking about how much he and his wife borrowed for their oldest two children. The total left student aid experts shaking their heads.