Loan programs

Education Department will release list of colleges found to be risky for students, taxpayers

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The Education Department plans to release list of colleges whose federal aid is restricted because of concerns they pose risks to students and taxpayers. In recent years most on list have been for-profit colleges. 

Federal audit faults Education Department for lack of plan to prevent student loan defaults

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A federal audit of the U.S. Department of Education’s student loan programs concludes that the agency is without a “comprehensive plan or strategy to prevent student loan defaults.”

New roles for guarantee agencies in era of direct federal lending

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Guarantee agencies branch out as private-lending pool dries up. Most stick to college completion and financial advising, but one produces a film while another buys 56 campuses from a for-profit.

 

Two Democrats criticize Obama administration for helping colleges avoid default rate penalties

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The top Democrats on the U.S. Senate and House education committees hit the Obama administration over decision to lower some colleges' default rates, allowing them to avoid sanctions.

U.S. eases requirements for Parent PLUS loans

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Parents and students with damaged credit histories will have an easier time getting the loans under new regulations. Education Department will publish institution-level PLUS loan default rates. 

Families' student loan debt grows, but rate of increase slows

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Federal report shows families' student loan burden grows while other forms of debt decline, but suggests a slight slowing of the rate of increase in families' college-related debt.

Education Department renegotiates contracts with student loan servicers

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Facing criticism that it doesn't properly oversee the companies managing student loan payments, the Education Department revamps its contracts.

Student debt once again popular on the campaign trail, as Democrats look to keep Senate

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As Democrats look to keep their grip on the U.S. Senate, they’re touting their support of legislation to let borrowers refinance their debt at lower interest rates. 

U.S. House votes to change college tax breaks, boost student loan counseling

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Lawmakers' overhaul of higher education tax benefits gives colleges and universities things to cheer and protest. They also approve a bill to boost student loan counseling. 

Report: Minority community college students denied access to federal loans

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An advocacy group's new report shows that nearly a million community college students -- including a disproportionate share of underrepresented minorities -- lack access to federal student loan programs. 

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