Loan programs

After online petition, bank forgives dead student's loans

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

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

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.

New U.S. data show lower student borrowing after surge in Pell spending

U.S. report shows undergraduate borrowing was down in 2015-16 from four years earlier, across nearly all types of institutions. Meanwhile, the proportion of students receiving grant funding rose.

N.Y. Fed report scrutinizes debt in New York City neighborhoods

Residents in poor parts of New York City tend to have less student debt but more trouble paying it off, providing a window into how national trends play out at the local level.

Servicers and states seek answer from DeVos on whether feds pre-empt state regulations

As states become more active in regulating the companies that collect and handle student loan payments, servicers seek answer from Secretary DeVos on whether federal policy pre-empts new rules.

Borrower-defense negotiators to grapple with colleges' liability for fraud claims

Trump administration will ask negotiators of borrower-defense rule to reconsider institutions’ liability for claims of misrepresentation -- a request that has some worried DeVos plans to let bad programs off the hook.

Education Dept. officials debate partial debt relief for student borrowers

Education Department weighs whether -- and how -- the government should offer partial relief to some who filed borrower-defense claims.

As deadline looms, chances of extension for Perkins Loan program uncertain

The federal student loan program expires Sept. 30, and it’s unclear if an extension will go through -- despite backing from colleges and bipartisan support.

Department of Education scraps single-servicer plan but keeps one portal for borrowers

Education secretary plans to shake up student loan servicing again. The department remains committed to single website for student borrowers.

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