On October 25, 2011, the Institute for College Access & Success held a joint press call with Americans for Financial Reform which highlighted the authority of the Consumer Financial Protection Bureau over private student loans and featured the stories of real private student loan borrowers...
Coalition letter to Secretary Duncan on the urgent need for a technical correction to the recent regulation requiring disclosure of the “on-time completion rate” for all career education programs.
Currently, only certain forms of untaxed income are considered in determining eligibility for Pell Grants and other student financial aid. The House majority FY12 budget and Labor-HHS appropriations bill would expand the definition of untaxed income to include means‐tested benefits,...
The Income Protection Allowance (IPA) is the amount of income a student or family can keep to cover minimal living expenses before being expected to contribute toward college costs. According to one student aid expert, it is “a modest allowance for basic living expenses. It barely addresses well-...
Under current law, students with family incomes below $32,000 who also meet additional requirements may receive an automatic-zero expected family contribution (EFC), making them eligible for the maximum Pell Grant if they attend full-time. The House Fiscal Year 2012 appropriations bill rolls back...
Letter from the Institute's president Lauren Asher, urging the Senate to confirm Richard Cordray as Director of the Consumer Financial Protection Bureau.
Public comments in response to the July 29, 2011 Federal Register Notice seeking public input on how to improve the information included in financial aid award letters.
Public comments in response to the June 29, 2011 Federal Register Notice (12 CFR Chapter X) seeking public input on the Consumer Financial Protection Bureau’s rulemaking authority in “Defining Larger Participants in Certain Consumer Financial Products and Services Markets.”
Sixty-two education, student, civil rights and public policy organizations sent the President a letter urging him to protect Pell Grant awards and eligibility in negotiations over the debt ceiling.
The Project on Student Debt, July 2011
How Colleges Can Help Students and Families Make Better Decisions about Private Loans
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...