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...
The Institute for College Access & Success, July 2011
Statement in response to Representative Cantor’s reported proposal to eliminate the in-school interest subsidy on federal student loans.
The Institute for College Access & Success, June 2011
Pauline Abernathy, Vice President of The Institute for College Access...
The Institute for College Access & Success, June 2011
Statement from Pauline Abernathy about the issued final “gainful employment” rule that guides enforcement of the federal law requiring any post-secondary career education program receiving federal financial aid to “prepare students for gainful employment in a recognized occupation.” The rule is a... Helps Consumers Understand and Use Federal Program to Keep Student Loan Payments Affordable
The Project on Student Debt, May 2011
While a recent study by the Institute for Higher Education Policy found that nearly two thirds of student borrowers have trouble making their monthly loan payments, a relatively new and little-known repayment plan called Income-Based Repayment (IBR) can reduce those payments and make them more...
New Report Finds Notable Shifts since 2008 in Chicago, North Carolina, California; Persistent Racial/Ethnic Disparities
The Project on Student Debt, April 2011
Our new issue brief Still Denied: How Community Colleges Shortchange Students by Not Offering Federal Loans found that more than one million community college students were denied access federal student loans, the safest and most affordable way to borrow for college.
The Institute for College Access & Success, April 2011
Despite threatened cuts, the fiscal year 2011 bipartisan budget agreement would preserve the maximum Pell Grant award of $5,550 for the 2011-12 school year, however the House Budget Committee has already proposed drastic cuts to Pell funding in fiscal year 2012. These proposed cuts would slash...
The Institute for College Access & Success, April 2011
The fiscal year 2012 federal budget plan reported by the House Budget Committee says it would cut Pell Grant funding to “pre-stimulus levels.” This unprecedented 62 percent cut in the maximum Pell Grant—from $5,550 in school year 2011-12 to $2,090 in 2012-13—would eliminate or slash grants for more...