Loan programs

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. 

ITT's federal compliance scramble differs from Corinthian's shut down

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ITT's missed deadline with the Education Department prompts comparisons to Corinthian Colleges. But ITT is on firmer ground.

Senate Republicans block student loan reform legislation

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Senate Republicans prevent passage of legislation to let student loan borrowers lower their interest rates.

Consumer Protection Bureau says some private loan borrowers face co-signer issues

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Federal officials say that some lenders, when a student's loan cosigner dies, declare an automatic default -- with no chance for the student to pay off what is owed.

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