President-Elect Barack Obama and his administration will soon be making important decisions about the types of financial resources available to students and their families, as well as how easy those resources are to find out about, apply for, and use. We sent a letter to President-Elect Obama...
The Project was one of nine national organizations to send this letter to U.S. Treasury Secretary Henry Paulson urging him to reconsider the plan to prop up private student loan markets with funds from the $700 billion economic rescue package. Private student loans are risky and expensive, and...
The Institute for College Accesss & Success, November 2008
How Financial Aid Awareness Affects College Access and Success
In a time of over-rising college costs, financial aid is critical to increase access and success. Federal, state, and institutional aid programs help to ensure that students can afford higher education regardless of economic background. Financial aid is most effective when students and families...
Our report finds that the average student loan debt for graduating seniors climbed by six percent in one year, while starting salaries rose by only three percent. Debt levels vary widely by state, with some Midwestern and New England states facing the highest debts.
Asher's testimony addresses a range of issues in the Higher Education Act, including private student loan disclosures, financial aid award letters, proprietary schools, and cohort default rates.
A letter to the chairman and ranking member of the House Ways and Means Committee urging that there be no tax liability for debt forgiven under Income-Based or Income-Contingent Repayment.
On September 23, 2008, the Institute submitted its official comment on the U.S. Department of Education’s proposed rules for the 2009-10 FAFSA form.
This letter requests that the Department of Education flag two-year institutions with exceptionally low federal loan participation rates in their annual Cohort Default Rate report. This practice would more accurately highlight problematic institutional default rates, and take some pressure off of...
On July 15, 2008, the Project on Student Debt submitted its official comment on the U.S. Department of Education’s proposed rules for the Income-Based Repayment and Public Service Loan Forgiveness programs.
This one-page fact sheet provides information on loan limits, interest rates, eligibility, fees, and discounts on federal student loan programs for the 2008-09 academic year.