Congressional Research Service David P. Smole and Rita R. Zota December 2, 2022 After years of increasing, growth in counts of federal student loan borrowers, average annual amounts borrowed, and average cumulative debt owed appears to be moderating somewhat. Overall, though, more student loan dollars continue to be disbursed than are repaid, resulting in an […]
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NASFAA Jill Desjean December 6, 2022 In response to the Government Accountability Office’s report examining institutional aid offer practices, Rep. Virginia Foxx (R-N.C.), ranking member of the House Education and Labor Committee, and Rep. Lisa McClain (R-Mich.) on Monday introduced the College Cost Transparency and Student Protection Act, which would set new requirements for financial aid offers. The […]
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Higher Ed Dive Natalie Schwartz December 6, 2022 New regulations will allow the agency to review debt forgiveness claims for groups rather than individuals. For-profits question whether that’s fair. Earlier this year, the U.S. Department of Education notified DeVry University that it plans to recoup more than $23 million from the institution to claw back […]
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Inside Higher Ed Safia Abdulahi November 30, 2022 A new report from the National Student Clearinghouse Research Center shows that college completion rates have stagnated, with 62.3 percent of students who enrolled in 2016 completing a degree by June 2022—virtually unchanged from last year’s six-year completion rate of 62.2 percent. The report examines all students who enter postsecondary education […]
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