Report: Racial disparities found in graduate student loan debt levels
INSIDE HIGHER ED — The report looked at the $37 billion in student debt that U.S. graduate students accrue each year, and found that this amount increased by 7 percent between the 2010-11 and 2017-18 academic years. In contrast, undergraduate student debt decreased by 21 percent during that time period. Undergraduate enrollment has also decreased more substantially than graduate…
Read More about Report: Racial disparities found in graduate student loan debt levelsBankruptcy case ruling could make student loan debt discharge easier
TIMES UNION — Cecelia G. Morris, chief bankruptcy judge for the Southern District of New York, ruled in favor of Kevin Jared Rosenberg, who sought to erase more than $220,000 in loans accumulated during his undergraduate and law school years.
Read More about Bankruptcy case ruling could make student loan debt discharge easierEmployers can attract talent and increase retention through student loan assistance programs
EMPLOYEE BENEFIT NEWS — About 45 million Americans are paying off student loans, whether for themselves, on behalf of their kids, or both. Add up everyone’s student loans, and the total comes to a staggering $1.5 trillion nationwide. So when it comes to budgeting and making a financial plan, your employees’ student loans (and for parents,…
Read More about Employers can attract talent and increase retention through student loan assistance programsUCLA Law enhances loan repayment assistance program for law graduates with public interest careers
UCLA LAW — UCLA School of Law graduates who go into public interest law will receive greater financial assistance as the school enhances its Loan Repayment Assistance Program (LRAP), starting in January. Through LRAP, UCLA Law has in the past decade covered roughly $4.5 million in student loan payments for J.D. graduates who work in public…
Read More about UCLA Law enhances loan repayment assistance program for law graduates with public interest careersStudents with disabilities let down by federal loan forgiveness program designed to help them
NPR — For over half a century, student loan borrowers like Denise — with a significant, permanent disability — have been protected by federal law. If they can no longer work enough to support themselves, they can ask the U.S. Department of Education to erase their debts. But an NPR investigation has found that hundreds of…
Read More about Students with disabilities let down by federal loan forgiveness program designed to help themA look at racial disparities in student loan default rates
INSIDE HIGHER EDUCATION — Analysis of federal data shows that African Americans continue to struggle more than other borrowers with repaying student loans — despite heavy use of income-driven repayment programs.
Read More about A look at racial disparities in student loan default ratesReport: Wealthy students taking out larger student loans in recent years
INSIDE HIGHER ED — A new report found that wealthy students borrowed more frequently and borrowed larger sums in recent years, outpacing borrowing increases among less well-off students.
Read More about Report: Wealthy students taking out larger student loans in recent yearsCapital Law students shares advice on balancing law school and careers
CAPITAL UNIVERSITY LAW SCHOOL — Juggling law school, a full-time job and a family has its challenges, but for several Capital University Law School students and recent graduates, it’s been a fulfilling journey. Here they share their advice on prioritizing obligations, striking a balance and pursuing lifelong dreams.
Read More about Capital Law students shares advice on balancing law school and careersFTC wins case against student debt-relief companies
INSIDE HIGHER ED — FTC wins restraining order against group it alleges portrayed itself as affiliated with the Department of Education before charging borrowers for services it misrepresented.
Read More about FTC wins case against student debt-relief companiesPew study: One in four U.S. student loan borrowers default within five years
MSN MONEY — A quarter of borrowers who take out student loans end up defaulting within five years, while many of the people who pause or defer payments due to hardships end up paying more than they originally would’ve owed, according to a study from the Pew Charitable Trusts.
Read More about Pew study: One in four U.S. student loan borrowers default within five years