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Tag Archives: For-Profit schools
A Look Back at 2012
2012 is almost over and it’s time for our annual “look back” at the year that was. Student loan issues were a hot topic this year. Much of the attention centered on legislation this summer that temporarily prevented student loan interest … Continue reading
So Much for Open Debate: Chronicle of Higher Education Student Loan Default Rate Event Is Bought and Paid For by Industry
The Department of Education released new student loan default rate information in September and it’s not pretty! The overall two year cohort default rate increased to 9.1% (FY 2012 data). This official two year rate requires the Department to track … Continue reading
Stopping Default Rate Manipulation
The Senate Health, Education, Labor and Pensions Committee’s July 2012 report on for-profit higher education contains a wealth of important and shocking information about the for-profit education industry. Among other themes, the report focuses on the disproportionate default rates in … Continue reading
Tagged Default, For-Profit schools
The Student Loan Default Trap
The Student Loan Default Trap: Why Borrowers Default and What Can Be Done, a new report released on Monday from the National Consumer Law Center’s Student Loan Borrower Assistance Project, addresses questions about the causes of default and the effectiveness … Continue reading
Recent Changes to Student Aid and Other New Developments
July 1 was an important date for many student borrowers. Key changes to student aid programs include: 1. New students without high school diplomas or GEDs will no longer be eligible for federal aid. (There is an exception for students … Continue reading
New Developments in Challenging For-Profit School Abuses
In NCLC’s January 2012 report, “State Inaction“, we called on state regulatory agencies and Attorney Generals to challenge for-profit school abuses in their states. State action is an important complement to effective federal oversight. Fortunately for students, there are many … Continue reading
Tagged For-Profit schools
Looking Back at 2011
It seems that we were just looking back at 2010….and yet another year has passed. As we get ready for a holiday vacation at Student Loan Borrower Assistance Project, we offer a few thoughts on 2011: It was a year of … Continue reading
Gaps in State Oversight of For-Profit Higher Education
NCLC released a report today, “State Inaction: Gaps in State Oversight of For-Profit Higher Education.” The report examines state oversight of for-profit schools, focusing on state regulatory structures and the levels of resources devoted to enforcement and oversight. The Bad … Continue reading
Tagged For-Profit schools
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
Profits and Education: What About the Students?
Joe Nocera wrote in the New York Times last week that profits and education shouldn’t have to be such an ugly combination. Nocera notes that defenders of the for-profit higher education industry are often ignored when they point out that … Continue reading
Tagged Default, For-Profit schools
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