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July 20, 2012

Private Student Loans Boom & Bust: Consumer Financial Protection Bureau Report

I have a generally low opinion of private loans, as they are typically risky and expensive for borrowers.   Unfortunately, higher education is so expensive that many of us cannot cover the costs of our dream school while still avoiding private student loans.    The Consumer Financial Protection Bureau (CFPB) today released the most comprehensive study of private student loans we’ve seen, including a large set of quantitative and qualitative data. The study was informed by data provided by lenders in the marketplace, existing…

June 5, 2012

Deal reached on student loan transparency

Good news coming from the White House today as Congress has agreed on a deal that will allow incoming students for the 2013-14 school year will be the first to receive an easy-to-understand "shopping sheet" detailing the terms of their financial aid packages.  The new requirements will provide students with a clear picture of not only the net cost of their education after grants and scholarships are applied, but also an estimate of the monthly payments they will have to make following graduation to repay their federal student loans. This is…

May 1, 2012

What Do You Think About Higher Education Tax Breaks?

Higher education tax breaks are a good thing, right?  Sounds good to me - promotes access to education, right?  But are the tax breaks always on target?   Stephen Burd doesn’t think so.  Burd, a Senior Policy Analyst at Education Sector, says we should eliminate the American Opportunity Tax Credit in order to strengthen the Pell Grant program.  In his report Moving on Up: How Tuition Tax Breaks Increasingly Favor the Upper-Middle Class, Burd states that between 1999 and 2001, over 80 percent of higher education benefits…

By Heather  |  Category:  Higher education funding  
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