Reality Check: Examining the Most Common Statements Made by For-Profits During the 2021 Negotiated Rulemaking Public Comment Period

There is a lot to celebrate about the 2021-22 California state budget agreement, from historic investments in college affordability to expansions in low-income Californians’ health care access and more resources to tackle homelessness.

A broad set of speakers including students, student loan borrowers, advocates, institutional leaders, and lobbyists provided their thoughts on the ambitious set of priorities the U.S. Department of Education (ED) proposed to include as part of its upcoming negotiated rulemaking (neg reg) process.

A college degree or credential is a crucial stepping-stone for upward economic mobility. Yet far too many colleges routinely and disproportionately enroll students who end up struggling to repay or, worse, default on their student debt. Further, the debt burdens faced by students who attend these colleges fall most heavily on low-income students and underrepresented students...

The latest updates to the College Scorecard include new institution and program-level information on recent students and their ability to successfully repay their federal loans, including the proportion of borrowers who are not currently making payments on all student loans because their loans are in default, delinquency, forbearance, or deferment one year and two years after..

With the nation deep in a global pandemic that has forced an economic recession, the newly elected Biden-Harris Administration has much work ahead to ensure students are protected in this time of unprecedented uncertainty. 

The current student loan payment relief benefits have provided vital economic support to upwards of 33 million borrowers who can better cover their basic needs during the pandemic without having to worry about their balances ballooning from unpaid interest, or their loans falling into delinquency or default. Without policymaker action, these protections will expire on December.