( en | de | ru )

 

  2. user
  3. @prophe
  4. student_debt

bookmarks  5

  •  

    6 years ago by @prophe
     
      for-profitJan2017USAstudent_debtDepartment_of_EducationEnglish
      copydelete
       
       
    •  

      It was big news when outstanding student loan debt surpassed credit card debt and then later exceeded $1 trillion for the first time. That shocking statistic keeps climbing, with no sign of slowing down: Americans now have more than $1.4 trillion in unpaid education debt, according to the Federal Reserve. Meanwhile, college-bound kids and their families try to avoid going into debt by heeding advice like "save more," "apply for scholarships" or "go to a cheaper school." Of course, none of those address the major issue of rising costs that have far outpaced wage growth. It's smart to avoid student loan debt if you can, because those loans affect your credit and your financial future. (You can see how much by checking your free credit scores on Credit.com.) However, strategically choosing a school isn't quite as straightforward as comparing tuition and fees. One thing you can do is check out an institution's net price calculator, which should be on its website, to see how much a student like you would pay after grants and scholarships. Another thing you can do is look at how much student loan debt recent grads ended up with. (You can read more about options for repaying your student loans here.) Where Is Student Loan Debt the Lowest? The response to that question is a little trickier to figure out, but organizations like The Institute for College Access & Success (TICAS) have compiled such data to help. According to their Project on Student Debt, 68% of 2015 bachelor's degree recipients graduated with student loan debt. The average was $30,100 per borrower. TICAS put together their project based on student loan debt figures from the "Common Data Set," a survey of colleges used by college-guide publishers. The colleges voluntarily self report their data, which presents problems. "Colleges that accurately calculate and report each year's debt figures rightfully complain that other colleges may have students with higher average debt but fail to update their figures, under-report actual debt levels, or never re
      6 years ago by @prophe
       
        USAApr2017Student_loanstudent_debtEnglishstatistics
        copydelete
         
         
      •  

        The state has 11 of the schools, and a hearing is scheduled for Monday on a bill requiring annual reviews of them by the State Board of Education. AUGUSTA — A new report finds students at for-profit colleges in Maine carry much heavier debt loads than those at public and private nonprofit colleges in the state. The non-partisan Center for Responsible Lending says the debt burden falls on low-income, female and minority students who disproportionately enroll at Maine for-profit schools. About 75 percent of students at such institutions take on student loans, compared with 66 percent and 41 percent, respectively, at private and public institutions. Meanwhile, 76 percent of students are women and 8 percent are African-American. The report found 60 percent of students received federal Pell Grants, which are awarded to those with low incomes. “One of the things we see consistently across the board: Students who attend for-profit colleges are burdened more by debt,” said Whitney Barkley-Denney, legislative policy counsel for the nonprofit organization. Maine’s student borrowing figures closely track national data. In the 2011-2012 school year, 73 percent of students at for-profit colleges took out loans, according to the Brookings Institution. Career Education Colleges and Universities, the for-profit higher education sector’s primary trade association, didn’t respond to requests for comment. Several for-profit schools have been the subject of state and federal investigations in recent years and faced lawsuits alleging deception in advertising and recruiting tactics. The industry has declined since rising from 650,000 students in 2000 to 2.5 million students in 2010, and several have closed down, leaving students with debt. In January, federal officials said hundreds of programs at for-profit colleges are at risk of losing federal funding unless their graduates start earning better wages. However, Education Secretary Betsy DeVos has said she would take another look at the so-called “gainful employment” federal r
        6 years ago by @prophe
         
          for-profitUSAApr2017student_debtEnglishMaine_
          copydelete
           
           
        •  

          "In early 2015, 15 students at Corinthian Colleges, then one of the largest for-profit college chains, formed a group called the Corinthian 15 and pledged to strike until their student loans were discharged. Corinthian Colleges shuttered its doors just months later, displacing roughly 16,000 students."
          6 years ago by @prophe
           
            USAStudent_debtDonald_TrumpObamaCorinthian_CollegesStudent_loanFor-profit_USADec2016
            copydelete
             
             
          •  

            Student debt is a personal challenge for more than 44 million Americans, but a lucrative business opportunity to the firms that manage the more than $1 trillion now outstanding. With a delinquency rate currently exceeding 11 percent, some see student loans as a major risk to the U.S. economy, one rivaling the mortgage loan market that crashed in 2007. There has also been widespread concern about the effects of college debt on the lives of individual students “what authorities describe as systematic mistreatment of borrowers.” Because these loans are guaranteed or are made directly by the federal government, the U.S. Department of Education is responsible for managing this complex system and balancing the competing interests of the various stakeholders. Last week, Education Secretary Elizabeth DeVos took action to reverse the course she inherited from the prior administration. In 2015, President Obama announced his Student Aid Bill of Rights, which aimed both to create a more efficient loan management system and to “reduce student loan defaults and encourage borrower success.” In recognizing the needs of borrowers, it sought to more fairly balance the interests of individual borrowers with those of the federal government and those doing business managing the debt under government contract. Two policy directives from the Obama administration’s Department of Education, which Bloomberg News described as directing the Federal Student Aid office to “do more to help borrowers manage, or even discharge, their debt,” were cancelled. The Obama administration sought to balance the interests of those taking out student loans and the business interests of the private firms contracted to service and collect these debts. Ideally, by taking borrowers’ interests into account, the amount of unpaid debt would be decreased, as would the cost to the federal government, and the harmful effect of predatory practices could be lessened. In her memo to the FSA, Secretary DeVos showed that efficient repayment was the singular goal of her
            6 years ago by @prophe
             
              USADonald_TrumpObamaApr2017Student_loanstudent_debtDepartment_of_EducationEnglish
              copydelete
               
               
            • ⟨⟨
            • ⟨
            • 1
            • ⟩
            • ⟩⟩

            publications  

              No matching posts.
            • ⟨⟨
            • ⟨
            • ⟩
            • ⟩⟩