U.S. Department of Education official testifies on Public Service Loan Forgiveness rejections
MARKETWATCH — The Public Service Loan Forgiveness Program is meant to wipe away student-loan debt for people who work in public-service jobs including law enforcement, teaching and the military. As of 2018, just 1% of borrowers who applied for the program had been accepted. The low approval rate was because of the program’s complexity — not…
Read More about U.S. Department of Education official testifies on Public Service Loan Forgiveness rejectionsA look at the Public Service Loan Forgiveness appeals process
FORBES — Public Service Loan Forgiveness, also known as PSLF, was created to help cash-strapped professionals who want to work for the public good. Unfortunately, this program has turned out to be nothing short of disastrous for those left dealing with red tape and no forgiveness in sight. It’s possible that you have met all the requirements…
Read More about A look at the Public Service Loan Forgiveness appeals processStudy: Connection between student debt and racial wealth gap
INSIDE HIGHER ED — The burden of student loans on young black people is a crisis that requires immediate policy action argues the report released from the Institute on Assets and Social Policy at Brandeis University. The report finds that 20 years after entering repayment, the median white student borrower has paid back 94 percent of their student…
Read More about Study: Connection between student debt and racial wealth gapStudent loan default rate falls again
INSIDE HIGHER ED — Data released by the Education Department Wednesday showed that the share of borrowers defaulting on their student loans has declined for the sixth straight year. Of borrowers who entered repayment in 2016, 10.1 percent had defaulted on their loans by 2018 — down from 10.8 percent from the previous year.
Read More about Student loan default rate falls againNew project to develop best practices for communicating the cost of college
EDUCATION DIVE — A new project from the Hope Center aims to help colleges better communicate with students about cost while equipping them to be their own advocates.
Read More about New project to develop best practices for communicating the cost of collegeHouse Committee conducts hearing on Public Service Loan Forgiveness Program problems
POLITICO — Democrats are holding the hearing on the public service loan forgiveness program as complaints about rejections have made it to the 2020 presidential campaign trail. Nearly every Democratic contender has made expanding or fixing the program a part of their education plan.
Read More about House Committee conducts hearing on Public Service Loan Forgiveness Program problemsNew Mexico Governor proposes tuition-free public college plan for state residents
MARKETWATCH — New Mexico Gov. Michelle Lujan Grisham unveiled a plan Wednesday to make public college tuition free for all state residents. If state lawmakers approve the proposal, the New Mexico Opportunity Scholarship program will pay for all state-college tuition and fees that aren’t already covered by federal grants and a state lottery. That’s an…
Read More about New Mexico Governor proposes tuition-free public college plan for state residentsCollege student loan debt rises for 2018 graduates
USA TODAY — About 2 in 3 members of the class of 2018 graduated a little deeper in debt than the classes before them. Last year’s graduates with a bachelor’s degree averaged about $29,200 in student loan debt – a record in the USA. That is about a 2% increase from the class of 2017,…
Read More about College student loan debt rises for 2018 graduatesUniversity of Georgia Law to provide financial aid to every veteran law student
THE NATIONAL JURIST — The University of Georgia School of Law continues its march to help students who are veterans and may face challenges that traditional students may not as well as reward them for their service. For the second straight year, the Athens school will provide financial aid to every veteran who accepts its…
Read More about University of Georgia Law to provide financial aid to every veteran law studentReport: Colleges fall short in informing parents about federal student aid
INSIDE HIGHER ED — More colleges should provide information about additional federal student aid that is available to student parents, according to a new report from the U.S. Government Accountability Office, which was released by Senator Patty Murray, a Washington Democrat and ranking member of the Senate’s education committee, and Senator Tammy Duckworth, an Illinois…
Read More about Report: Colleges fall short in informing parents about federal student aid