Tag Archives: Federal student loans

State Relief for Proprietary School Abuses

State tuition recovery funds (STRFs) can be a valuable source of relief for defrauded students when a school is insolvent and when the student cannot obtain a federal discharge. STRFs contain deposits of money collected from schools approved to operate … Continue reading

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Measuring the Impact of Financial Literacy Programs

We wrote previously about the dangers of promoting financial literacy efforts INSTEAD of regulating abusive credit products and INSTEAD of providing relief for financially distressed student loan borrowers.   We noted the shocking lack of evidence that financial literacy is effective. A … Continue reading

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New Unemployment Deferment Self-Help Packet

NCLC’s Student Loan Borrower Assistance Project posted a new self-help packet this week.  The unemployment deferment packet helps borrowers figure out whether they are eligible  for this deferment and if so, how to apply.  Only federal student loan borrowers with loans … Continue reading

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Creating a Fair Disability Discharge Process

We highly recommend Pro Publica’s latest article on student loan disability discharges.  In this article, Sasha Chavkin asked the Department of Education to clarify its position on the most critical disability discharge issue—Will the Department consider Social Security disability determinations … Continue reading

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The Consequences of Student Loan Defaults

Deanne Loonin, Director of NCLC’s Student Loan Borrower Assistance Project, spoke on a panel this week at the annual conference of the National Association of Student Financial Aid Administrators.  Here are her more extended views on the session, “Student Borrowing:  … Continue reading

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Important Recommendations for Upcoming Negotiated Rulemaking

We wrote in a previous post about key comments submitted to the Department of Education for the upcoming negotiated rulemaking sessions.  Many groups raised important issues.  NCLC’s testimony focused on relief for financially distressed borrowers.  Others commented on a wide … Continue reading

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Recommendations and Comments for Department of Education Rulemaking

We submitted these comments to the Department of Education last week.  We will write a number of articles the next few weeks with more details about key proposals.  Our recommendations focus on strengthening relief for borrowers who are harmed by … Continue reading

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Department of Education Announces New Round of Negotiated Rulemaking

On May 5, 2011, the Department of Education announced that it will soon be holding a new round of negotiated rulemaking sessions.   The Department also announced three public hearings for interested parties to discuss the rulemaking agenda. The public hearings will … Continue reading

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End Draconian Student Loan Collection Policies

A recent report released by the Institute of Higher Education Policy found that for every federal student loan borrower that defaults, at least two others become delinquent without default. Access to higher education was the mantra at a New America … Continue reading

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The Real Cost of Student Loan Defaults

The debate about the costs of defaulted federal student loans has taken a very troubling turn.  Confusing budget numbers seem to show that the government actually recovers more than it pays out on federal student loans.  Jason Delisle of New … Continue reading

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