Florida Coastal Law dean steps down as school faces difficulties with ABA approval of conversion to non-profit status
ABA JOURNAL — The U.S. Department of Education approved Thursday the release of federal student aid to Florida Coastal School of Law, a for-profit InfiLaw school, after the school submitted a letter of credit to the agency. Florida Coastal students were expecting the student loan money by or before Sept. 9. The letter of credit…
Read More about Florida Coastal Law dean steps down as school faces difficulties with ABA approval of conversion to non-profit statusCongressional fix to Public Service Loan Forgiveness has not resulted in relief for borrowers
NPR — A new report from a government watchdog reports that Congress’s efforts to increase public service loan forgiveness is not working. The expansion program was created last year due to outcry among public servants, but documents show that even this program is not working.
Read More about Congressional fix to Public Service Loan Forgiveness has not resulted in relief for borrowersGraduate student loan debt rising faster than undergraduate debt
NPR — Graduate students are increasingly shouldering the country’s student debt. NPR’s The Indicator takes a look at how that came to pass and what it might mean for the economy.
Read More about Graduate student loan debt rising faster than undergraduate debtPublic Sector employees share challenges in accessing federal loan forgiveness program
THE WASHINGTON POST — The process for attaining public sector loan forgiveness is confusing and full of challenges.
Read More about Public Sector employees share challenges in accessing federal loan forgiveness programUndergraduate loan borrowing down $15 billion over five-year period
STUDENT LOAN HERO — According to new Student Loan Hero study, students today aren’t taking out as many federal loans as they were about five years ago. Borrowing federal Direct loans has declined significantly among undergraduates and graduate students.
Read More about Undergraduate loan borrowing down $15 billion over five-year periodOne lawyer’s struggle to qualify for public service loan forgiveness
ABA JOURNAL — Jeffrey Morgan leveraged his social media expertise and government lawyer background to qualify fot eh public service student loan forgiveness program, making him part of the estimated 5% who have had student loans discharged.
Read More about One lawyer’s struggle to qualify for public service loan forgivenessPublic Service Loan Forgiveness applicants get conflicting messages from Department of Education
FOX 25 — Americans carry $1.5 trillion in student debt. But while millions of borrowers could qualify for loan-forgiveness programs to erase some or all of what they owe, only a fraction of those eligible take advantage of them. Some believe just knowing about the programs isn’t enough, and Congress needs to step in.
Read More about Public Service Loan Forgiveness applicants get conflicting messages from Department of EducationSurvey: Average student loan barrowers spend more than 20 percent of their income on repayment
YAHOO FINANCE — Politicians, economists and educators have all weighed in on the challenges posed by student loan debt, but a new survey by TD Bank puts the burden into perspective, showing the average consumer spends more than 20% of their income paying back student loans.
Read More about Survey: Average student loan barrowers spend more than 20 percent of their income on repayment