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NEWS : Student Debt Crisis

Category: NEWS

Mitch McConnel Doesn’t Care about Student Loan Borrwers!

| August 6, 2014 | 0 Comments

Allison Lundergan Grimes  is really taking it to Sen. Mitch McConnell, and her heated meeting with the Senate Minority Leader at a Kentucky picnic proves it. The two competitors met at the 2014 Fancy Farm Picnic, a unique gathering that forced the candidates to meet face to face. Both Grimes, and McConnell, took a combative stance […]

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Treasury Pushes to Help Borrowers, Still isn’t Enough

| August 5, 2014 | 0 Comments

The U.S. Treasury, which finances more than 90 percent of new student loans, is exploring ways to make repayment more affordable as defaults by almost 7 million Americans and other strapped borrowers restrain economic growth. Leading the effort is Deputy Secretary Sarah Bloom Raskin, who became the department’s No. 2 official in March after more than three […]

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Upcoming Changes to Student Loan Terms

| July 23, 2014 | 0 Comments

The Institute for College Access and Success (TICAS) has given a press release that wants to make it easier to understand this years’ changes to student loan terms. This includes increased interest rates and higher fees. TICAS has done a great job outlining the most important changes, as well as recommendations for reform… July 1 […]

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CFPB Now Accepting Complaints Against “Debt Relief” Services

| July 23, 2014 | 0 Comments

The CFPB has announced that they’re accepting complaints from consumers experiencing problems with third-party debt relief companies, including companies promising to help student loan borrowers in distress. They have published a consumer advisory warning borrowers in distress that they do not need to pay a fee to get help with their federal student loans. Enrollment in alternative repayment programs, […]

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New Rules for Loan Rehabilitation

| July 23, 2014 | 0 Comments

The loan rehabilitation program is an important way in which American’s who already have student debt can continue to follow their higher education goals. However, 600,000 borrowers defaulted last year alone and many believe they have zero options. Here are some changes to rehabilitation programs, detailed by resource StudentLoanBorrowAssistance.org, that aim to help borrowers. 1.  Direct […]

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Good Luck Getting Guidance from the Department of Education

| July 22, 2014 | 0 Comments

The New Student Loan Fixers A few years ago, a man in his late 20s, who prefers not to be named, felt he was drowning in his student debt. He took out federal loans as an undergraduate, and then borrowed more money to go to law school. He was a smart guy, and after he […]

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Suit: Companies Duped Victims Struggling With Student Loan Debt

| July 18, 2014 | 0 Comments

Two companies that promised to help Americans struggling with student loan debt instead allegedly pocketed their money and did little or nothing to help them, in a scheme that one state regulator warned is an emerging area of fraud nationwide. Illinois Attorney General Lisa Madigan filed lawsuits Monday against the companies, First American Tax Defense […]

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#FlipADistrict – #FireKline

| July 2, 2014 | 0 Comments

Last month, we nominated Representative John Kline for Bill Maher’s #FlipADistrict campaign, and emailed YOU, to vote. The result? Rep. John Kline skyrocketed to first place. Last Friday, Bill Maher announced the second round of voting for the FINAL FOUR. It’s because of YOU that we have gotten this far… and we can’t win without […]

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‘Student Loan Relief Now’

| July 1, 2014 | 0 Comments

My father is one of the reasons that student loans cannot normally be discharged via bankruptcy. Such an outcome was never his goal: quite the opposite, in fact, because exempting student debt from bankruptcy relief makes little economic sense and is patently unfair to the students saddled with such debt. A sensible reform of this […]

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End the Era of the C.E.O. College President

| July 1, 2014 | 0 Comments

When a colleague posted the job ad for the president of the University of Alberta, I joked that we could split the job four ways and she’d still triple her salary. So we applied – with over 50 other academics – in groups of four. We wanted to highlight the gap between the rhetoric of austerity at […]

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