Loan programs

What we don't know about college student debt

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Despite growing concern over loan burdens, some key data points remain completely unclear -- including how much students borrow, on average, at specific colleges.

CFPB is investigating Corinthian Colleges, possibly focusing on student lending

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The Consumer Financial Protection Bureau enters the for-profit fray with an investigation of Corinthian Colleges, that references the company's loans to students. Will investigation expand?

After online petition, bank forgives dead student's loans

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KeyBank, an outlier in the lending industry, for years required the co-signing parent of one dead student to make payments on $50,000 of debt. The bank acquiesced after an online petition went viral.

Education Department Admits Flawed Data in Gainful Employment Analysis

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The Department of Education admits failing to include black students in its calculation of loan repayment rates in run-up to gainful employment. The mistake will fuel for-profit claims of unfair treatment by feds.

Budget compromise would preserve maximum Pell grant, NIH funding

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A budget compromise would slightly increase funding for the National Institutes of Health and change eligibility for the largest federal grant program for college students.

U.S. charts new debt relief process with implications beyond Corinthian

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A guide to the Education Department and Corinthian borrowers.

Federal rule-making panel OKs plan to expand income-based repayment program

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Carrying out Obama directive to boost income-based repayment, Education Department panel endorses plan that will be available to all direct loan borrowers, regardless of when they incurred the debt. 

Report calls for states to adapt grant programs for the modern student

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A new report contends that state aid programs should better meet the needs of modern students in today's college landscape, which is vastly different from when most such programs were developed. 

Federal judge sides with Education Department in firing of debt collectors

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Judge dismisses lawsuit stemming from U.S. Department of Education's firing of several debt collectors over allegations they misled struggling borrowers.

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.”

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