Loan programs

Student activists call for ‘debt strike’ against federal loans they incurred at the embattled Corinthian Colleges

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Student activists refuse to pay federal loans incurred at the embattled for-profit education company and call on the Department of Education for greater borrower relief. 

Obama administration Pay As You Earn expansion will cost $9 billion

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Budget documents show Obama's planned expansion of his Pay As You Earn plan will add $9 billion to already-rising long-term cost of federal student loans.

Democrats tout student loan issues, Ryan budget higher ed cuts in political ads

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Student debt, the Ryan Budget, and the value of the Department of Education are among the higher education issues making their way onto the political airwaves this fall, as Democrats look to hold on to the Senate and keep seats in the House.

Default rate on federal loans ticks down slightly; 21 colleges face sanctions for high rates

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The default rate on federal loans edges down as 21 colleges face sanctions for having rates that exceed the legal threshold.

Student debt increasingly trails Americans into retirement, U.S. report says

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Older Americans are increasingly burdened by federal student loans -- and they struggle to repay the debt at much higher rates than their younger counterparts, a new government report finds. 

U.S. seeks to relax requirements for federal PLUS loan program

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Education Department proposes rules to loosen requirements for obtaining a PLUS Loan. Black college advocates hail the changes, but consumer advocates worry the loans can be risky for low-income borrowers. 

Looming default rates could penalize community colleges where few students borrow

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Community colleges ask Washington for help on a federal loan-default measure they say is snagging colleges where relatively few students borrow.

New America report provides snapshot of rising debt burdens of graduate students

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New snapshot shows that borrowers are taking out more loans to pay for their advanced degrees across a range of disciplines.

Senate negotiators reach (another) student loan deal

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Compromise would tie federal student loan interest rates to financial market, cap them, and direct some savings to reducing the deficit. Senate approval is not a sure thing.

Consumer Financial Protection Bureau to seek oversight of loan servicers

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After a slew of complaints about federal and private loan processing and collection, Consumer Financial Protection Bureau seeks oversight of the largest servicers.

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