Tag Archives: Student

Retirement reform advocates in Washington have had a bumpy 2021. Multiple efforts to help people save more effectively for retirement, including one informally called SECURE 2.0, seemed to be on track for passage before Congress’ other efforts crowded them out. But the effort may gain renewed traction in 2022. In a recent webinar co-hosted by Yahoo Finance and the Bipartisan Policy Center, Rep. Fred Keller (R-PA) said, “I think our chance for success in the upcoming year to get the SECURE… Source link

Ousted Temple Fox Dean Moshe Porat After nearly three years and almost $120,000 in federal loans, Ibrahim Fetahi says his degree from Temple University’s Richard J. Fox School of Business and Management is not worth the hefty investment nor his nearly $100,000 in outstanding debt. “In my mind, I paid for fine dining, but I got McDonald’s. Yes, I got food, but I didn’t get the quality I paid for, or the service,” Fetahi testified today (November 10) in the federal criminal trial of… Source link

Colgate University is using its billion-dollar endowment to address the issue of college affordability, starting with 600 freshman students this fall. To tackle the growing burden of student loan debt, the New York-based private liberal arts college earlier launched an initiative called the Colgate Commitment: An Initiative in Access and Affordability that will provide full tuition support for the lowest-income students and more, beginning with about 600 students in the class of 2026.  “We… Source link

The Education Department’s (ED) office of Federal Student Aid (FSA), which oversees the government’s massive student loan portfolio, is launching stronger standards for student loan servicers in an effort to tighten oversight. “FSA is raising the bar for the level of service student loan borrowers will receive,” FSA Chief Operating Officer Richard Cordray said in a statement.  As payments are set to resume on January 31, 2022, the agency’s moves — which follow on the back of recent news… Source link

The Department of Education (ED)’s office of Federal Student Aid (FSA), which oversees the government’s massive student loan portfolio, launched a new Office of Enforcement last week to overhaul oversight of postsecondary schools that participate in federal student loan programs. FSA Chief Operation Officer Richard Cordray, a former attorney general in Ohio who served as the director at the Consumer Financial Protection Bureau (CFPB) under President Obama and wrote “Watchdog: How Protecting… Source link

Major student loan servicer Navient (NAVI) is quitting the federal servicing business, the company announced Tuesday, handing off its 5.5 million borrowers holding about $280 billion in federal student loans to Maximus, another servicer. Advocates and progressive lawmakers led by Senator Elizabeth Warren (D-MA) heralded the move, in light of Navient’s troubled relationship with the federal government’s consumer protection bodies.  But the departure adds another challenge when the Education… Source link

The student loan debt crisis arose after legislative changes over the years that created a system of largely unchecked lending to millions of students, according to a reporter and author of a new book. “If you just keep on issuing student debt in the same fashion, which is basically giving families a blank check, you’re just going to have more and more families end up in unrepayable debt over the years, and it doesn’t really solve the underlying issue,” Josh Mitchell, Wall Street Journal… Source link

Chronic absenteeism by school students is one of the many problems exacerbated by the COVID-19 pandemic. EveryDay Labs is a startup looking to boost attendance rates by 10% to 15% districtwide. The company recently announced an $8 million Series A round of financing led by female-only venture capital fund Rethink Impact. “Even before the pandemic, 1 in 6 students missed 10% or more of school days,” EveryDay Labs CEO Emily Bailard told Yahoo Finance. “Now, since the pandemic, that’s… Source link

Thousands with student loan debt are owed refunds — see if you qualify The very first COVID-19 relief bill, signed into law in March of last year, barred student loan companies from garnishing the wages of borrowers in default. But thousands still had some of their pay seized in spite of the moratorium, because of the government’s slow uptake in those early days of the pandemic. Well over a year later, nearly 11,000 of those borrowers are still owed refunds, according to information obtained… Source link

Liberty University has joined a handful of colleges that have been forced to shift to online learning as the fall semester kicks off due to a surge in COVID-19 cases. The private evangelical Christian university in Lynchburg, Virginia has ordered a campus-wide quarantine that will go into effect on Aug. 30 and expire on Sept. 10. Prior to the fall semester beginning on Aug. 24, the school did not have a mask or vaccine mandate in place. “To me, it’s just been a very unsafe environment,” Robert… Source link