By Emily Deruy, Alicia Menendez, and Jorge Ramos “A proposal from Sen. Elizabeth Warren (D-Mass.) aimed at letting student borrowers with older loans refinance at lower rates failed to pass the Senate on Wednesday.” Read more here.
By Matt Krupnick “Borrowers routinely refinance mortgages and other loans when interest rates drop. So why not student loans? Refinancing options for student-loan debt have been hard to come by, but a handful of promising developments are giving borrowers better chances...
By Maggie Severns and Allie Grasgreen “The Senate on Wednesday voted not to move forward on a bill from Sen. Elizabeth Warren that would have allowed an estimated 25 million people with older student loans to refinance that debt at...
Excerpt from The Chronicle’s blog The Ticker: “In arguing against tax-exempt bonds, the student-advocacy group says this financing method, used by colleges to secure funds for large, expensive projects, is inefficient and costly to taxpayers. In place of tax-exempt bonds,...
By Karen Weise “The New York Fed has been keeping an increasingly close eye on students loans, trying to understand how the more than $1 trillion in debt is affecting the wide swath of Americans who are borrowers. It recently...
By Jeff Green “Lawmakers in both the Senate and House recently introduced companion bills designed to protect students from unfair banking practices involving campus-sponsored financial products, including debit cards. Opponents to the legislation, however, say is will limit financial choices...
By Diana Williams “President Obama is pushing ahead with his plan to create a federal rating system for the nation’s 7,000 colleges and universities. Families know that tuition rates have gone up three-fold since the 1980’s, and many students are graduating...
By Maggie McGrath “In the college commencement speeches making headlines this graduation season, a few of the usual themes emerged: find your passion, as Fed chair Janet Yellen preached to a crowd of NYU grads; recover from a “soul-scorching” loss with...
An excerpt from Young Invincibles’ Deputy Director Rory O’Sullivan’s op-ed for U.S. News & World Report: “‘You’re supposed to find the pain that’s driving them to go back to school, and use that to get them to enroll.’ ‘I fed...
U.S. Department of Education Attention: Ashley Higgins 1990 K Street NW Room 8037 Washington, DC 20006-8502 Filed via regulations.gov on May 27, 2014 Re: Comments on the Proposed Rule on Program Integrity: Gainful Employment [Docket ID ED–2014–OPE–0039] To whom it...