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Chaos and Confusion: The State of Student Loans

Diverse: Issues in Higher Education

It’s been an incredibly challenging and chaotic year in student loan space,” said Persis Yu, deputy executive director and managing counsel at the Student Borrower Protection Center, a nonprofit organization working to eliminate student debt. The debt burden is not distributed equally among students.

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Administrative Forbearance for Student Loans

Student Loan Planner

Federal student loan borrowers have access to a new income-driven repayment plan, the SAVE plan. Instead of billing borrowers an incorrect amount, servicers tend to use an administrative forbearance instead. Unfortunately, servicers have had enormous problems calculating what payments should be under that plan.

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Student Loans Relief Until May 2022

College Aid Consulting Services

College students get Federal student loan relief until May 2022. The current administration extended a student loan moratorium that has allowed families to put off debt payments during the pandemic. Payments on Federal student loans will be paused through May 1, 2022.

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TICAS Policy Agenda Tackles the Flaws in the Higher Ed System

Diverse: Issues in Higher Education

Recommendations include doubling the maximum Pell Grant, reforming the student loan system to protect borrowers, and ensuring that public benefit programs, like the Supplemental Nutrition Assistance Program (SNAP) or Temporary Assistance for Needy Families (TANF), are reformed to support a student’s journey through higher education. “If

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Federal Student Aid Reaches Settlement on Student Aid Eligibility Violations

Diverse: Issues in Higher Education

IEC also must provide ED a letter of credit of more than $6 million, which ED can use to pay for any liabilities or loan discharges related to the misconduct at issue. A 2023 ED investigation found that Florida Career College routinely broke the rules governing how schools can administer ATB tests.

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For Some Borrowers, the Student Loan Payment Pause Will Last Until At Least 2025

Student Loan Planner

The payment pause was extended numerous times under two presidential administrations.

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Disparities of African American Men and Obtaining a College Education

Diverse: Issues in Higher Education

It is evident that the low African American male student graduation rates at a predominantly Black institution in the northeastern United States continue to be a concern for higher education administrators. There are serious inequities among students who graduate from colleges. Not dropout rates.

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