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.


What to Know About the Borrower Defense to Repayment Rule

April 30, 2019

Fact sheet on the Borrower Defense to Repayment (BD) rule. The Borrower Defense to Repayment Rule offers students relief from federal loans borrowed based on fraudulent, misleading or illegal acts by their schools. Borrower defense is an established legal right for many forms of consumer credit, and it has been a part of the Higher Education Act for many years.


Consumer Information in Higher Education

April 29, 2019

College choices are among the most consequential decisions individuals make in their lifetimes. Students are entitled to information that meets five principles: simple, salient, comparable, timely, and trusted. Consumer Information in Higher Education describes how research informs these five key principles and recommends improvements to three key consumer information tools in...


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...