Students across the country have been defrauded by for-profit schools. Fine print in their enrollment contracts has stopped them from bringing their cases to court, but new rules could help.
From student loans to Title IX, Betsy DeVos has had a busy six months in office. But despite numerous reversals of Obama-era guidelines, little has come in the way of tangible policy.
About 44 million Americans are still paying off student loan debt. But it didn’t always used to be this way. As the perceived purpose of a college education changed, so too did the way we pay for it.
More than half of American families aren’t able to save a dime to cover the cost of college, and the 529 college savings plan has done almost nothing to change that.
A “buy now, pay later” model is well suited to financing higher education. Commercial bank loans are not viable. Government-backed loans with income-contingent repayment are the fair solution.
Tanzania’s government has uncovered evidence of 2 000 “ghost” students who are fraudulently obtaining loans. This costs the country and other students dearly.
The huge problem of youth unemployment in South Africa appears to be getting worse. New research will hopefully amplify their voices and inform more realistic interventions to combat the monster.
About 10 million borrowers in the government’s main student loan program are struggling to make their payments, yet unlike other types of debt, it’s next to impossible to have it forgiven.