Private Loans Facts and Trends

May 2, 2019

Private loans are one of the riskiest ways to finance a college education. Like credit cards, they usually have variable interest rates that are higher for those who can least afford them. Analysis of federal data from 2015-16 reveals that less than half of private loan borrowers use the maximum amount of more affordable federal loans.

The Affordable Loans for Any Student Act Makes Critical Improvements to Help Borrowers Manage their Debt and Avoid Default

April 4, 2019

There is broad, bipartisan agreement that Congress needs to simplify and improve the current array of repayment plans that base monthly federal student loan payments on borrowers’ incomes, broadly referred to as income-driven repayment or IDR. The Affordable Loans for Any Student Act, led by Senator Jeff Merkley (D-OR) and Representative DeLauro (D-CT), stands out as the reform...

Students at Greatest Risk of Loan Default

October 10, 2018

This analysis of nationally representative data shows that certain groups of students are far more likely to default on their federal loans than others: those who attended for-profit colleges, Pell Grant recipients, first-generation students, and African-American students. Completion matters, but it doesn't adequately protect vulnerable students from default.