Many more community college students than students at California’s four-year colleges would lose financial aid under Governor Schwarzenegger’s proposed budget for 2009. This issue brief finds that the budget-cutting plan would eliminate new Cal Grant awards for 45 percent of community college...
A consumer guide to help borrowers find the best college loan and finance solutions in a tight credit market.
The Institute for College Access & Success, December 2007
Improving Access to Financial Aid at California's Community Colleges
This report finds wide variations in financial aid policies and practices at the state’s community colleges, which can have a major impact on students’ access to available aid. We hope that our findings and recommendations encourage students, administrators, and policymakers to maximize the use of...
On November 29, 2007, Lauren Asher, associate director of the Project on Student Debt, testified before the U. S. Department of Education at a hearing about the negotiated rulemaking for Public Law 110-84. This law includes Income Based Repayment, loan forgiveness for public servants, and other...
On Monday, October 29, 2007, Robert Shireman, executive director of the Project on Student Debt testified before the Join Oversight Committee of the Iowa state legislature about Iowa's unusually high levels of student debt.
Our report finds that the average student loan debt for graduating seniors climbed by eight percent in one year, while starting salaries rose by only four percent. Debt levels vary widely by state, with some Midwestern and New England states facing the highest debts.
The bill passed by the House and Senate includes a new Income Based Repayment (IBR) program modeled on the Plan for Fair Loan Payments developed last year by...
Both houses of Congress have passed H.R. 2669, the College Cost Reduction and Access Act. When it is signed by the president, the new law will redirect taxpayer subsidies away from student loan companies and toward increased grant aid and improved benefits for borrowers. Key provisions in the bill...
Shireman comments on passage of landmark legislation to increase grant aid and make student loan repayment more fair and manageable.
NACAC and the Project on Student Debt, June 2007
How High School Counselors View Risks and Opportunities of Student Loans
A national survey co-sponsored by the National Association for College Admission Counseling (NACAC) and the Project on Student Debt finds that high school counselors see worries about student debt affecting families’ decisions about college, and that counselors themselves are concerned about rising...