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Category Archives: Our Blog
Bankruptcy and Fairness for Struggling Students
The U.S. Senate Committee on the Judiciary Subcommittee on Administrative Oversight and the Court held a hearing this week on “The Looming Student Debt Crisis: Providing Fairness for Struggling Students.” In our testimony, we focused on the importance of restoring … Continue reading
Tagged Bankruptcy, Private student loans
Paying Attention to “Non-Traditional” Students
The current debate about student loan debt generally spotlights the struggles of young college graduates. The image of a young adult, unable to find a job, maybe even moving back in with her parents, often comes to mind because this best … Continue reading
Tagged Default
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
Recent Changes to Federal Student Aid Programs
Congress made a number of changes to the federal student aid programs at the end of 2011. This legislation passed without much substantive debate because it was part of the budget process. President Obama signed the legislaton on December 23, 2011 … Continue reading
Tagged Federal student loans
Operational Problems at the Department of Education: What Is Going On?
We wrote in December about operational breakdowns at the Department of Education, focusing on the Department’s failure to properly place borrowers in “forced consolidation” into IBR. Shockingly, the Department has yet to fix this problem. Department staff now tell us … Continue reading
Tagged Federal student loans, IBR, Rehabilitation
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
Operational Breakdowns at the Department of Education
A December 2011 article in the Chronicle of Higher Education reveals numerous problems with the Department of Education’s online system for managing student loans. Unfortunately, this is not news to our clients and other borrowers. We have been pointing out operational … 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
CFPB Seeks Comments on Private Student Loan Market
The Consumer Financial Protection Bureau (CFPB) announced today that it is seeking comments about the private student loan market. The Bureau wants to hear from everyone: borrowers, their families, current students, advocates, lenders, servicers, and school officials. You have 60 … Continue reading
Tagged Private student loans
Obama Administration’s Student Loan Proposals
President Obama announced a plan this week to help alleviate student loan burdens. The President’s plan shows that the Administration is hearing the voices of struggling student loan borrowers. It is a good step in providing some relief, but much more needs … Continue reading
Tagged Consolidation, Federal student loans, IBR
