Seven in 10 seniors (69%) who graduated from public and nonprofit colleges in 2014 had student loan debt, with an average of $28,950 per borrower. Over the last decade—from 2004 to 2014—the share of graduates with debt rose modestly (from 65% to 69%) while average debt at graduation rose at more than twice the rate of inflation. 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
Detailed Comments on Proposed Student Loan Regulations. TICAS detailed comments on the Department of Education’s proposed regulations creating a new income-driven repayment plan (REPAYE) and making other changes to federal student loan regulations.
Coalition Comments on Proposed Student Loan Regulations. Comments from TICAS and 22 other organizations representing students, consumers, veterans, and colleges on the Department of Education’s proposed regulations creating a new income-driven repayment plan (REPAYE) and making other changes to federal student loan regulations.
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.