Department of Education Report: 1 In 8 Borrowers Defaulted On Student Loans
Indiana’s three-year student loan default rate is slightly lower than the national average for borrowers who began repayment in 2009.
Indiana’s three-year student loan default rate is slightly lower than the national average for borrowers who began repayment in 2009.
The number of retirees seeing their Social Security benefits reduced to pay off student loans has increased dramatically in the last decade.
Tuition at many colleges has more than doubled in the last decade — but so has financial aid from grants and scholarships students don’t have to pay back. A graph from Planet Money shows the average student receives about $7,000 in grant money, an increase of more than 50 percent since 2001. There’s also a [...]
Two reports out this week tell us more about students borrowing to attend for-profit universities. The Consumerist writes a two-year investigation by the Senate Committee on Health, Education, Labor, and Pensions released Monday revealed $32 billion in federal aid goes to for-profit schools each year. The report, entitled “The Failure to Safeguard the Federal Investment and Ensure [...]
Private lenders gave out more college loans to more students who likely shouldn’t have qualified for them, a federal report said Friday. Now, defaults among those loans are “spiking.”
Sallie Mae released its annual look at how America pays for college earlier this week. About 1,600 students and parents responded to a survey that asked about college costs and financing. The student loan lender started conducting the research in 2008. Here are five ways paying for college has changed in the last five years.
Here’s a new tool Indiana families can use to help estimate the cost of college. The Federal Education Budget Project has added net price by income level to its database of U.S. colleges and universities. Clare McCann of Ed Money Watch explains: Net price by income level can be a valuable tool for potential students [...]
Six Indiana colleges appeared on lists released Wednesday by the U.S. Department of Education that rank higher education institutions based on affordability.
The student loan market is in a bubble, one writer says — but don’t get too worried about it.
Bubble or no, recent reporting shows troubling trends behind the fears about college lending aren’t reversing themselves.
StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »