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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.”
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.
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.
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.
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.
Facing criticism that it doesn't properly oversee the companies managing student loan payments, the Education Department revamps its contracts.
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.
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.
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 missed deadline with the Education Department prompts comparisons to Corinthian Colleges. But ITT is on firmer ground.
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