I Am Not A Loan
December 07, 2015
More than 42 million Americans owe a total of $1.1 trillion in student debt, making it the second-largest liability on the national balance sheet. A generation ago, student debt was a relative rarity, but for today’s students and recent graduates, it’s a central fact of economic life that we don’t know much about. Mapping Student Debt is changing that.
August 31, 2015
Since Hechinger Report released its analysis on the graduation rates of Pell Grant recipients, some people have called the effectiveness of the Pell Grant program into question. Lost in those arguments, though, are three crucial points about the program:
December 17, 2015
New Income-Driven Repayment Plan Now Available for ALL Federal Direct Student Loan Borrowers: REPAYE
Starting today, all borrowers with federal Direct student loans have access to a new repayment plan with monthly payments limited to 10% of your discretionary income. You can enroll regardless of when you borrowed. If you’re having trouble affording your monthly payments – or just want the assurance of payments based on your income – check out the Revised Pay As You Earn (REPAYE) plan and see if it’s right for you.
September 24, 2015
When colleges shutter their campuses, who’s harmed the most? Students are, especially low-income students. They are the ones with the least protection. That’s why it was so refreshing to see Rep. Bobby Scott (D-Va.) and Sen. Barbara Boxer (D-Calif.) stand up for them by introducing the “Pell Restoration Act of 2015,” which will allow Pell Grant recipients the ability to continue their education at another institution.
February 03, 2016
In partnership with various organizations working to curtail the student debt crisis, members of the United States Senate have recently put together a campaign to set the student debt crisis talks front and center. Dubbed “#InTheRed,” the campaign is part of a larger effort by Senate Democrats to make student debt a priority in 2016. One of these Senators, Chuck Schumer (D – NY) said, “I am launching this campaign today to encourage students and parents and student loan debt holders to share their stories so we can finally force Congress to comprehensively address the issue of college affordability, which is key to the ongoing success of our economy.”
September 26, 2015
Several recent reports have estimated a significant gap in the college completion rates of the low-income students who receive federal Pell Grants and other college students, leading some to question the effectiveness of this investment of taxpayer dollars. But, according to a new report and online data tool we’re releasing today, the average graduation gap between Pell and non-Pell students at the institutional level is much smaller: only 5.7 percentage points.
October 08, 2015
The Pell Partnership, our latest report, has been noted for “debunk[ing] the notion that Pell grants are somehow being wasted.” And it’s true. Quite a few colleges and universities across the country are serving low-income students well — that is, they are graduating them at the same rates as (or in some cases, even better than) their peers from high-income families.
We spoke with nearly a dozen of these schools to learn more about how they recruit, support (academically and financially), and otherwise ensure low-income students a fair chance at a postsecondary degree.
November 23, 2015
Now that the University of Missouri’s president has resigned and the chancellor has announced that he’ll step down at the end of the year, hopefully students’ concerns will be addressed. Of all Concerned Student 1950’s list of demands, there is one that particularly impressed me because of its urgency in requiring a plan of action:
April 09, 2015
November 10, 2015
Form and Formula: How the Federal Government Distributes Aid to Students explains the history of need analysis—the method used to determine the amount of federal aid a student receives—and the method of collecting financial data from students and families.
May 07, 2015
When you’re told that your college will be shutting down, there can be a lot of uncertainty about what comes next. In light of recent closures of certain for-profit colleges, we wanted to share some helpful advice to help you navigate the situation.
October 28, 2015
Federal consumer regulators on Wednesday won a major court battle against Corinthian Colleges Inc., the former national for-profit chain that entered bankruptcy this year amid claims of defrauding students.
A federal judge in Illinois ruled that Corinthian “engaged in deceptive practices” by misleading students about their career prospects, according to documents obtained by The Wall Street Journal.
June 08, 2015
Earlier today, the U.S. Department of Education announced new steps to protect students from abusive for-profit colleges, as well as a new debt relief process for students at Corinthian Colleges – which operated schools under the names Everest, Heald, and Wyotech.
Information for borrowers is available at the Federal Student Aid (FSA) website...
October 26, 2015
A letter to all Members of Congress from more than 50 organizations expressing strong opposition to any appropriations rider that would block or delay implementation of the gainful employment regulation.
June 23, 2015
Dear College Dropout Factories,
As part of our quest to increase the public demand for greater accountability in higher education, The Education Trust has continued our commitment to identifying four-year colleges and universities that fail to graduate the vast majority of their students in a timely fashion. Roughly 95 percent of all other four-year institutions have higher graduation rates than you do. This year, 113 institutions made the list of college dropout factories, 65 of which were on this same list last year...
August 24, 2015
The Hechinger Report just published an article on the graduation rates of Pell Grant recipients at 82 of the largest public and private institutions in the nation. Considering nearly 9 million low-income students receive Pell Grants annually, it’s a topic that we care deeply about. In fact, we’ve spent the last year collecting and analyzing the graduation rates of these very students. And, in a few weeks, we’ll share what we found.
August 27, 2015
If you’ve seen or heard ads around federal student loans that seem to good to be true, they probably are. Many of these debt relief companies are charging exorbitant fees for these services.
July 13, 2015
Over 40 million Americans are working to repay more than $1.2 trillion in outstanding student loan debt.
Some borrowers have already shared with us their experiences with their student loan servicer (the company that sends a bill each month). We’ve released the first batch of your stories and we encourage you to take a look at what we’re hearing from the public at regulations.gov.