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Tag: student-loan


Economics&Strategies, Education Economics

How rising student loan interest rates could affect college-going behavior

September 29, 2023

Via: Higher Ed Dive

The interest rates on new graduate loans from the U.S. Department of Education now top 7% while those for undergraduate loans have reached over 5%, the highest levels they’ve been in over a decade. That’s partly because the Federal Reserve […]


Economics&Strategies, Education Economics

Biden Administration Moves Forward With New Repayment Plan

August 22, 2023

Via: Inside Higher Ed

Student loan borrowers can now apply for the Biden administration’s new loan repayment program, and the Education Department is working with a network of organizations to spread the word. The release of the application, which launched in beta form earlier […]


Economics&Strategies, Education Economics

Education Department kicks off student loan forgiveness plan, round 2

July 18, 2023

Via: Higher Ed Dive

Biden took immediate action after the Supreme Court ruled against his initial loan forgiveness plan, which would have forgiven up to $20,000 for borrowers earning less than $125,000 a year. The same day the high court handed down its decision, […]


Economics&Strategies, Education Economics

Student loan debt relief is only a Band-Aid solution

July 17, 2023

Via: EdSource

My dad and I sat slouched over his computer on a warm summer night a few months before the start of my junior year of college. We had been browsing my school’s financial aid website crunching every number. We were […]


Economics&Strategies, Education Economics

$39 Billion in Student Loan Relief for 804,000 People

July 17, 2023

Via: Inside Higher Ed

More than 804,000 borrowers will have their student loans forgiven in the next month following moves by the Biden administration to count more payments toward forgiveness. The administration said in April 2022 that it would adjust accounts to give borrowers […]


Economics&Strategies, Education Economics

Consumer group sues Education Department to get data on incarcerated student loan borrowers

June 20, 2023

Via: Higher Ed Dive

For three decades, incarcerated students haven’t been allowed to tap into federal Pell Grants, a primary form of financial aid for low- and moderate-income borrowers. But that will change come July, when new rules take effect giving them access to […]


Economics&Strategies, Education Economics

Federal Student Aid Funding Woes Complicate Resuming Student Loan Payments

May 11, 2023

Via: Inside Higher Ed

The Office of Federal Student Aid faces a “colossal undertaking” as it prepares to resume student loan payments after an unprecedented three-year pause, and funding constraints could hamper that effort, student loan experts say. Experts and advocates are worried that […]


Economics&Strategies, Education Economics

The Imperial Presidency Meets Student Debt

March 1, 2023

Via: Education Next

The 20th century witnessed an astonishing growth in presidential power, leading some to contend that the office had become “imperial,” dominating other branches of government. President Biden’s decision in 2022 to forgive more than $350 billion in student loan debt—an […]


Economics&Strategies, Education Economics

Student Loan Payment Pause Benefits High-Income Households the Most

January 17, 2023

Via: Education Next

A great deal has changed since March 2020, when executive and Congressional action paused payments on most federal student loans. The national unemployment rate spiked at 14.7 percent in April 2020, but receded dramatically and has stayed below 4 percent […]


Educational Stages, Higher Education

5 higher education lawsuits to watch in 2023

January 9, 2023

Via: Higher Ed Dive

Pending lawsuits stand to reshape the higher education landscape in the next year. The U.S. Supreme Court, which now has a strong conservative majority, is expected to rule on a handful of cases concerning higher education. That includes lawsuits over […]


News

U.S. to Review Rules on Accreditation, Distance Education and More

January 5, 2023

Via: Inside Higher Ed

The Biden administration announced late Wednesday that the Education Department would hold a series of negotiated rule-making sessions this spring to propose new rules regarding accreditation, distance education, student loan deferments and a range of other topics. The administration’s plan […]


Editorial

The Rollercoaster of Student Debt Loans Reaches New Heights 

December 29, 2022

Via: Isabella Carter

The burden of student debt is no longer a new topic of discussion among American students, graduates, and government officials. However, it gained even more attention in 2022, when President Joe Biden announced his intention to forgive federal student loans. […]


Economics&Strategies, Education Economics

Rising debt levels could hurt graduate programs’ ROI, report finds

December 22, 2022

Via: Higher Ed Dive

The analysis offers a glimpse at trends in the graduate degree market amid seismic changes in federal student loan policy. President Joe Biden is fighting in court to carry out broad federal student loan forgiveness, and his administration has separately […]


Economics&Strategies, Education Economics

CBO: Biden Student Debt Relief Plan to Cost $420 Billion

September 27, 2022

Via: Inside Higher Ed

The Congressional Budget Office, Congress’s nonpartisan research arm, estimates that President Biden’s plan to forgive some federal student loans and suspend payments through the end of the year will cost the government about $420 billion. The CBO released its estimate, […]


Economics&Strategies, Education Economics

Student loan changes could cost more than $1 trillion over 10 years, new estimate finds

August 26, 2022

Via: Higher Ed Dive

Biden said he is canceling up to $10,000 for most borrowers, or up to $20,000 for borrowers who received federal Pell Grants, which generally go to those from low- and moderate-income households. His plan includes an income cap, meaning it […]


Economics&Strategies, Education Economics

Biden Announces Student Loan Forgiveness

August 25, 2022

Via: Education Next

President Biden this week announced plans to provide what he called “targeted debt relief” to student loan borrowers: “up to $20,000 in debt cancellation to Pell Grant recipients with loans held by the Department of Education, and up to $10,000 […]


Economics&Strategies, Education Economics

180 Organizations Press Biden to Extend Student Loan Payment Pause

July 6, 2022

Via: Inside Higher Ed

A group of 180 national and state organizations urged President Biden to extend the student loan payment pause, which is set to expire in just under two months on Aug. 31, in a letter sent June 30. The payment pause, […]


News

Education Dept. Agrees to Settle 200,000 Borrower-Defense Claims

June 24, 2022

Via: Inside Higher Ed

The Education Department on Wednesday agreed to settle about 200,000 borrower-defense claims brought in a lawsuit against the department. The agreement will automatically provide the elimination of student loan debts for those involved. The agreement states that “attendance at one […]


Economics&Strategies, Education Economics

Student Loan Debt, Equity, and Forgiveness

May 31, 2022

Via: Inside Higher Ed

On May 16, I sat in on May’s Public Policy Pop-Up at the American Council on Education, The Policy and Politics of Student Loan Forgiveness, with Terry Hartle and Jon Fansworth. I try to attend these monthly sessions when possible […]


Economics&Strategies, Education Economics

Pandemic student loan pause mostly helps borrowers who can afford to pay, report says

May 16, 2022

Via: Higher Ed Dive

Roughly 42 million borrowers are covered by a federal student loan repayment pause that began in March 2020 because of the coronavirus pandemic. While the freeze was meant to offer relief to those with student loan debt, the Philadelphia Fed’s […]