Student Loan News

20
Aug
Wells Fargo Might Offer Federal Student Loan Refinancing

Wells Fargo and Company might offer student loan borrowers an option to refinance their government-held student loans. The company already handles private student debt, but adding in government loans would give it access to a $1.4 trillion market, approximately 90 percent of the student loan industry, Bloomberg reported. John Rasmussen, Wells Fargo’s head of pe

Posted in: Industry News, Student Loan News,
16
Aug
Check Out the New FAFSA Mobile App

With people relying increasingly on their phones to do the majority of their business, the Department of Education has unveiled an app for filling out the Free Application for Federal Student Aid, more commonly called the FAFSA. A beta version of the app is up and running, and the whole site is expected to be operating […]

Posted in: National News, Student Loan News,
15
Aug
How Kentucky Garnished $50M for Unpaid Tuition Without a Court Order

In the last 12 years, the Kentucky Department of Revenue has claimed in excess of $50 million from students behind on payments to Kentucky’s public universities. The department has managed to do so by taking money out of the students’ tax refunds and paychecks without a court order. It has also collected a hefty amount in fees […]

Posted in: Regional News, Student Loan News,
14
Aug
Are Apprenticeships a Solution to the Student Loan Debt Problem?

The U.S. Bureau of Labor Statistics estimated that 67 percent of high school graduates will go to college. But nearly half of students who enter college drop out, left with debt and no diploma. Often, this debt is not a small amount of money: for the class of 2017, the average graduate borrower exited college with […]

Posted in: National News, Student Loan News,
13
Aug
Paying for College Tied to Higher Risk of Foreclosure

Paying for college can be a big financial burden for a family. And a new study shows those added costs of college tuition were connected to a higher likelihood of foreclosure during the economic downturn. A new study published in the journal Demography found higher rates of foreclosure from 2006 to 2011 in places that had recently sent more […]

Posted in: National News, Student Loan News,
09
Aug
New Study Shows Political Divide on What’s Wrong With Higher Ed

With 61 percent of Americans viewing U.S. higher education going in the wrong direction, Republicans and Democrats are divisive on the reasons why. According to a new Pew Research Center survey, almost three-quarters (73 percent) of Republicans and those leaning to the Republican Party, disclosed that higher education is moving in the wrong direction, while it’s [&h

Posted in: National News, Student Loan News,
06
Aug
LeBron James’ New School Offers Kids a Future College Education and More

Many consider him the NBA’s GOAT, but one day LeBron James could be known as one of education’s GOATs. On July 30, James opened his Akron, Ohio-based I Promise School. The non-charter public school, similar to one James attended, will enroll 240 third- and fourth-grade at-risk children. The school plans to grow enrollment to over […]

Posted in: Regional News, Student Loan News,
03
Aug
Online Tool Aims to Take the Mystery Out of College Planning

The Education Finance Council has unveiled an online tool designed to assist families with saving, planning for, and paying for their college education. ForYouNotForProfit.org provides content, tools, and tips for students and their families. It teaches students how to find free money and how to best use those resources. It also presents student loan options, inc

Posted in: National News, Student Loan News,
02
Aug
College Students Worry About Paying for Course Materials, Survey Shows

The second-biggest financial stressor for college students, right after paying for tuition, is buying the source materials they need for their classes, according to a Morning Consult survey which was done at the request of Cengage. Cengage is a company that offers course materials like study guides, homework sheets, and textbooks to millions of students throughout [&h

Posted in: National News, Student Loan News,
01
Aug
DeVos Proposes Cutting Student Loan Forgiveness by $13B

The Trump administration proposed new guidelines in July that would make it more difficult for students to get student loan forgiveness even from schools that have allegedly defrauded them. Education Secretary Betsy DeVos highlighted the proposed changes, which were lauded by for-profit entities in the school industry but drew the ire of consumer watchdog gr

Posted in: National News, Student Loan News,