In 2013, seven in 10 (69%) graduating seniors at public and private nonprofit colleges had student loans. These borrowers owed an average of $28,400 in federal and private loans combined, up two percent compared to their peers in 2012. Debt at graduation varies greatly by state and by college, and this report includes average debt levels for each state, lists of notably high- and low-debt colleges, and links to data for more than 1,000 colleges nationwide. It also includes policy recommendations for reducing the burden of student debt.
Negotiated Rulemaking Session on Pay As You Earn
Take Action to Improve Income-Driven Repayment! The U.S. Department of Education is seeking feedback now through August 10 on a new proposed IDR plan, called Revised Pay As You Earn (REPAYE). Click here to learn more and tell the Department 20 years of payments is long enough!
Memo Analyzing Proposals for Upcoming Negotiated Rulemaking Session. TICAS memo analyzing aspects of the Department of Education’s draft regulatory language establishing a new income‐driven repayment plan, called the Revised Pay As You Earn (REPAYE) plan.
Memo on Pay As You Earn Recommendations for Negotiated Rulemaking Process. Key recommendations include: increasing PAYE access, simplicity and fairness, as well as better targeting benefits to borrowers who need them the most.
Comments on Topics for Negotiated Rulemaking. Comments in response to the September 3, 2014 Federal Register notice soliciting input on topics to be included in the U.S. Department of Education’s negotiated rulemaking.
Federal Student Loan Terms for 2015-16 summarizes loan limits, interest rates, and other terms for federal student loans from July 1, 2015 through June 30, 2016. Click here to view in HTML.
The Top 10 Student Loan Tips for Recent Graduates provides useful information new graduates should know about repaying student loans.