National Student Loan Cohort Default Rate Falls
https://www.ed.gov/news/press-releases/national-student-loan-cohort-default-rate-falls: The U.S. Department of Education (Department) today announced that the Fiscal Year (FY) 2015 national federal student loan cohort default rate (also referred to as the CDR)...
Over 1 Million Student Loan Defaults in Last 12 Months
According to the Federal Student Aid (FSA) center, 24% of all Direct Loan borrowers were delinquent or in default at the end of 2018. Since June 2018, over 1 million Direct Loan borrowers have entered default. Defaulting on a federal student loan occurs when the...
New Repayment Program Available for Health Care Workers
Health care professionals who treat drug addiction in shortage areas or in counties where the drug overdose rate is above average may qualify for repayment assistance from the Federal government. The Department of Health and Human Services (HHS) and is overseeing the...
CBO Recommends Ending Subsidized Loans, Loan Forgiveness
A recent report, Options for Reducing the Deficit: 2019 to 2028, released by the Congressional Budget Office (CBO) recommends cuts to the federal student loan program in order to balance the federal budget. The CBO’s recommended options below could potentially...