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Showing blog posts tagged with student loans

Student Debt Abuse: It’s Not Just Sallie Mae

Student Debt Abuse: It’s Not Just Sallie Mae

The U.S. Department of Education Office of Inspector General just released a scathing audit report on the department’s Office of Federal Student Aid’s (FSA's) handling of contracts with private companies that collect defaulted federal student loans.

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Missing the Point

Currently, the debate on American colleges and universities is dominated by the cost of tuition. This debate misses the point.

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New Law Will Increase Student Loan Interest Rates for Borrowers

New Law Will Increase Student Loan Interest Rates for Borrowers

Post-secondary students and their parents are in for a treat as they begin financial preparations for the coming school year.

Under the Bipartisan Student Loan Certainty Act, signed into law last summer, just as new federal student loan rates were set to double, student loan interest rates are now tied to financial markets, which means as the financial markets get stronger interest rates will get higher.

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Shareholders to Sallie Mae: Disclose Your Lobbying Activity

Image via Heathermg/Flickr

Sallie Mae, the United States’ largest student lender, got a wake-up call at its annual meeting on June 25, when more shareholders voted “for” than voted “against” the AFL-CIO’s stockholder proposal, calling for full disclosure of all company spending on lobbying in Washington, D.C., and each of the 50 states.

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Student Debt: Probably as Bad as We Thought

The Brookings Institution, looking at data from 2010, has issued a report claiming the student debt issue isn’t as bad as people think. Using Federal Reserve data on households headed by 20- to 40-year-olds, they conclude that horror stories of people struggling with student debt are exaggerated. Problem is, more current data suggest student debt is more serious than Brookings suggests.

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Here’s What We’re Reading: Wednesday News Roundup

Here’s What We’re Reading: Wednesday News Roundup

Here are some headlines from the working families’ news we're reading today (after the jump).

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Here’s What We’re Reading: Friday News Roundup

Here’s What We’re Reading: Friday News Roundup

Here are some headlines from the working families’ news we're reading today (after the jump).

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Here’s What We’re Reading: Tuesday News Roundup

Here’s What We’re Reading: Tuesday News Roundup

Here are some headlines from the working families’ news we're reading today (after the jump).

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New Bill Would Increase Pell Grant Limits, Making College More Affordable

The cost of attending college continues to rise, and working families are having trouble keeping up. Over the past five years, education funding has been slashed by politicians pursuing a misguided strategy of austerity. This has forced public colleges to raise tuition and cut back on student and faculty support to balance their budgets.

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March Madness

1972–1973 UCLA Bruins men's basketball team team photo after 1973 NCAA Championship, Associated Students of the University of California at Los Angeles

This week, the Chicago regional office of the National Labor Relations Board ruled in favor of the College Athletes Players Association (CAPA) in determining that the scholarship football players at private Northwestern University had the right to form a union. Courageous leadership by Kain Colter of Northwestern and CAPA founder Ramogi Huma led to this victory. Now everyone is crying in their beer because the discussion has focused on athletes being paid. But, CAPA is about all that unions do: giving voice to the workers. Too little attention is focused on issues of player safety and health in the media storm following the ruling.

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