Higher Ed

News Release | U.S. PIRG | Higher Ed

SOTU: Obama Pushes Low Interest Rates, More Work-Study

In the annual State of the Union Address, President Obama proposed measures to bring relief to almost 8 million students who will see their student loan interest rates double on new loans starting July 1st, 2012.

Media Hit | Higher Ed

CNN: Consumer Bureau: Now, It Can Do Something

Rich Williams, a higher education advocate for U.S. Public Interest Research Groups (PIRG) said he's looking forward to the consumer bureau's work with student loans, as well as credit cards and debit cards issued on campus. With a director, the bureau can now set rules of the road for all providers of student loans, not just those issued by banks.

Obama's New Consumer Finance Chief Can Lower Student Debt

By | Rich Williams
Higher Education Advocate

President Obama took a bold and important step this week, standing up for student consumers by making a recess appointment of former Ohio Attorney General Richard Cordray to head the new Consumer Financial Protection Bureau (CFPB). The president's action means that the CFPB now has all its powers to protect students from unfair financial practices that pile on student debt, including lenders offering dangerously expensive private student loans and aggressive credit and debit card marketing.

News Release | U.S. PIRG | Higher Ed

New Consumer Finance Chief Can Lower Student Debt

President Obama is taking a bold step to protect student consumers from financial tricks and traps by announcing a recess appointment of his well-qualified nominee, Richard Cordray, to head the new Consumer Financial Protection Bureau.

News Release | U.S. PIRG | Higher Ed

143,000 Students to Lose Their Pell Grant Next Year

On Friday, Congress passed the FY2012 appropriations bill, changing eligibility requirements for Pell grants eliminating about 143,000 Pell Grant recipients from the program next year.

News Release | U.S. PIRG Education Fund | Higher Ed

Consumer Financial Protection Bureau Takes First Step to Protect Students but Hamstrung from Going Further

Today the Consumer Financial Protection Bureau (CFPB) announced a new initiative to improve financial literacy tools for students before they enter college.

News Release | U.S. PIRG Education Fund | Higher Ed

Obama Announces Initiatives to Ease Student Loan Debt

Tomorrow, President Obama will announce a series of initiatives that will reduce the burden of student loan debt that millions experience after graduation.

Student Loan Defaults Skyrocket, Double in Past 6 Years

By | Rich Williams
Higher Education Advocate

On September 12th, the US Department of Education released the official FY 2009 cohort default rates on student loans. The number of students who defaulted within two years of entering repayment increased to 8.8%, up from 4.5% in FY 2003 and 7% in FY 2008.

News Release | U.S. PIRG Education Fund | Higher Ed

Department of Education Rule to Rein in Abuse at For-Profit Colleges Doesn’t Go Far Enough

Yesterday, the US Department of Education took the first step in reining in abusive practices at for-profit colleges which pile deep debt onto their students in exchange for questionable credentials.  It issued a new rule that sets a standard for these schools: their programs have to ensure graduates can earn enough to pay off the hefty student loans they must carry to pay for their enrollment.

News Release | U.S. PIRG | Higher Ed

New in The Huffington Post: Ryan's Budget Is A Wolf In Sheep's Clothing, Preying On Student Aid

Chairman Ryan's budget is a wolf in sheep's clothing. Preying upon genuine concern for our fiscal future, this budget takes direct aim at student aid programs that help job-seekers get the skills, training, and credentials they need to re-enter the recovering workforce.

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