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The Institute for College Access & Success, January 2012
President Obama’s appointment of Richard Cordray to direct the Consumer Financial Protection Bureau is a big win for students and their families, signaling the beginning of the end of the ‘wild west’ of student lending. There’s finally a sheriff in town to protect consumers in the woefully under-...
Proposed immediate retroactive time limit disproportionately harms AfricanAmerican students and transfer students
The Institute for College Access & Success, December 2011
The House FY2012 appropriations bill, filed on December 14, 2011 includes an immediate retroactive limit on Pell Grant eligibility that would eliminate access to these crucial grants for more than 100,000 students nationwide, including those near graduation. The proposed limit would...
The Institute for College Access & Success, December 2011
On December 8, 2011, the Senate blocked a vote on the nomination of Richard Cordray as Director of the new Consumer Financial Protection Bureau (CFPB). Without a Director the CFPB cannot exercise its full authority to protect students and their families from deceptive and predatory private student...
New Bi-Partisan Survey Finds Large Majorities Concerned about Student Debt, Opposed to Cutting Pell Grants and Loan Subsidies
The Institute for College Access & Success, November 2011
While they believe that higher education is more important today than it was for their parents’ generation, most U.S. adults age 18 to 34 also view college as harder to afford than just five years ago. They feel that people are leaving school with too much debt, and they oppose proposals to cut...
New report includes state-by-state and campus-by-campus debt levels, hi-low list
The Project on Student Debt, November 2011
Two-thirds of college seniors graduated with loans in 2010, and they carried an average of $25,250 in debt. They also faced the highest unemployment rate for young college graduates in recent history at 9.1%. Our report, Student Debt and the Class of 2010, includes average debt levels for the 50...
The Institute for College Access & Success, October 2011
Statement from Lauren Asher on the Obama Administration's recent announcement that it is taking important and timely new steps to help struggling student loan borrowers.
The Institute for College Access & Success, October 2011
By October 29, all U.S. colleges must meet a federal requirement to post “net price calculators” on their websites. These calculators can help prospective students and their families gauge college affordability by providing early individualized estimates of what specific colleges will cost them...
More than half the increase is from students who attended for-profit colleges
The Project on Student Debt, September 2011
New data released by the U.S. Department of Education shows a sharp increase in the rate at which student loan borrowers are defaulting. The official “two-year cohort default rates” show that 8.8 percent of student loan borrowers who entered repayment in 2009 had defaulted by the end of 2010, up...
The Institute for College Access & Success, August 2011
Statement from TICAS Vice President Pauline Abernathy on the final bipartisan debt deal that provides $17 billion for Pell Grants. A broad coalition of 62 education, student, civil rights and public policy organizations, including the Institute for College Access and Success, urged President Obama...
New Report Identifies both Promising and Problematic Practices
The Project on Student Debt, July 2011
Our new report Critical Choices: How Colleges Can Help Students and Families Make Better Decisions about Private Loans, documents promising practices that a variety of financial aid offices are using to help prospective borrowers avoid unnecessarily risky and costly debt. It also identifies some...

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