Loan programs

Data show student borrowers over 30 a growing population

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Data from the New York Fed show student borrowers are increasingly over 40, including some still paying back their own loans while borrowing for their children's education.

U.S. judge invalidates federal rule governing college vocational programs

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Federal court finds that Education Dept. lacked adequate justification for one key measure in new regulations.

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.

Consumer protection bureau, two states sue student loan servicer Navient

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The Consumer Financial Protection Bureau and two states sue Navient, the nation’s largest student loan servicer, for allegedly creating obstacles to repayment.

Education Department announces thousands of new loan discharges

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Education Department action helps those who attended Corinthian, as well as ITT Technical Institute and American Career Institute.

GAO report finds costs of loan programs outpace estimates and department methodology flawed

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GAO report faults Education Department for serious ‘shortcomings’ in estimating cost of income-based repayment programs, giving new ammunition to congressional Republicans.

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