Student Loan Blog

Apollo Group Inc., the parent company of the University of Phoenix, the largest for-profit college in the country, announced on Tuesday that the Securities and Exchange Commission has launched an “informal inquiry” into the company’s revenue accounting practices. This new probe, being conducted by the SEC’s enforcement unit, marks the second ...

College graduates who were lured into high-need fields, including teaching, nursing, and public service, by programs that would forgive a portion or all of their student loans are receiving this sobering news: The cavalry isn’t coming after all. These graduates, who in some cases were enticed by the loan forgiveness programs to take out ...

As student loan debt continues to rise — jumping to $20,098 per graduating student loan borrower in 2007 from $18,796 in 2006 — and employment prospects continue to worsen, college graduates are experiencing greater difficulty repaying their student loans, and some of them have said enough is enough, BusinessWeek reports (''Asking for ...

Just as Congress is about to vote on President Obama’s plan to end the government’s Federal Family Education Loan Program, through which families get their student loans from private third-party lenders, a lender advocacy group is urging lawmakers to consider an alternative to the president’s proposal, reports The Chronicle of ...

A new bill facing the Montana Senate would give college graduates an incentive to seek employment in the state by creating a tax credit program for employers who help pay off a portion of graduates’ student loans, reports the Montana Kaimin (“Senate Bill Would Help Graduates Pay Back Their Loans,” Feb. 13, 2009). Currently ...

Zac Bissonnette is living the blogger’s dream, getting paid to write for TheDailyBeast.com and AOL’s WalletPop.com, and now landing a book deal that may be just the ticket for helping him weather a dismal job market in one of the worst recessions in history (“Student Morphs Blog Into Book Deal,” Amherst Bulletin, Jan. 2, ...

Premiere Credit of North America, a debt collection agency based in Indianapolis, is a bit of an anomaly in today’s down economy — it is thriving at a time when many businesses are cutting back their workforces and many debt collection agencies are losing money to cash-strapped consumers who can’t pay up. Premiere Credit, which specializes in ...

Undergraduates at Vanderbilt University who qualify for need-based student loans could see a significant drop in their student loan debt, from an average of $21,000 to as little as $5,000, as the university moves to eliminate these loans, replacing them instead with need-based scholarships and grants (“VU Will Slash Millions in Student Debt,” ...

A new plan unveiled Monday by the Indiana Commission for Higher Education calls for the state-supported colleges and universities in Indiana to graduate 10,000 more students with bachelor’s degrees each year — an increase of 33 percent — and to graduate these students in just four years, according to the Associated Press (“Indiana Seeks 10,000 ...

While Princeton was the first university to completely eliminate student loans from its financial aid packages in 2001, it was Harvard’s announcement to follow in Princeton’s footsteps this fall that garnered national media attention as no-loan financial aid policies for 2008–09 began to turn up at elite colleges and universities across the ...