REPORT: House GOP higher education bill could financially hurt student loan borrowers
A House GOP proposal called the “PROSPER Act” would replace current income-driven repayment plans. The existing plans are designed to make payments affordable for millions of Americans with federal student loans. Additionally, the bill proposes the...
Is anyone with student debt actually getting Public Service Loan Forgiveness?
Under the federal government’s Public Service Loan Forgiveness program, student loan borrowers who work in a qualifying public service career are eligible for student loan forgiveness after 10 years of repayment. The first round of qualifying borrowers could...
SDC joins 81 student, consumer, veteran, and civil rights orgs telling Congress to Defend Students
Dear Members of Congress: cc: The Honorable Betsy DeVos, Secretary of Education: As 81 organizations working on behalf of students, consumers, veterans, servicemembers, faculty and staff, civil rights, and college access, we write to convey our strong opposition to...
Consumer advocates worry merger created student loan company ‘too big to fail’
Four giant corporations are contracted with the government to process nearly all federal student loan payments. These companies have a poor track record of communication failures, fraud, and abuse. Yet, Great Lakes Education Loan Services and Nelnet are merging to...