US Department of Education college scorecard to include data on median graduate income by area of study
INSIDE HIGHER ED — In a move they said will help students get a better idea of how much they can borrow and afford to pay back, Education Department officials are expanding the College Scorecard to show how much graduates at institutions make based on their areas of study. The scorecard now provides new median income data.
Read More about US Department of Education college scorecard to include data on median graduate income by area of studySurvey: Young lawyers report increased stress and financial worries due to student loan debt
ABA JOURNAL — Young lawyers are so impacted by student debt that they are making life-changing decisions, such as delaying children and, in some cases, choosing a job because of its higher pay, according to a survey posted online Monday. More than 75% of those surveyed had at least $100,000 in student loans at graduation.
Read More about Survey: Young lawyers report increased stress and financial worries due to student loan debtStudy: Black borrowers twice as likely to never be able to pay off student loan debt
INSIDE HIGHER ED — Black student loan borrowers are twice as likely as white borrowers to be projected to never be able to pay off their student loan debt, a result of systemic inequities in society, finds a study by the JPMorgan Chase Institute. About 13 percent of Black borrowers are projected to never be able to pay off debt.
Read More about Study: Black borrowers twice as likely to never be able to pay off student loan debtParents of Black college students take on large student loan debts
THE HECHINGER REPORT — When I graduated with a bachelor’s degree from William & Mary in 2003, I desperately needed a job. I was the mother of a 4-year-old daughter, and I was consumed by worries about child care, the car note for my used Honda Civic and saving for my own apartment. In addition,…
Read More about Parents of Black college students take on large student loan debtsMichigan State University Law merger results in delay in federal student loans
LANSING STATE JOURNAL — It’s two weeks into the new semester and hundreds of MSU College of Law students are still without their student loans.
Read More about Michigan State University Law merger results in delay in federal student loansStudent loan options for graduate and professional students
U.S. NEWS — Many graduate school students borrow money to finance their education, but with so many options to consider, choosing the right student loan can feel almost as complicated as choosing a program of study.
Read More about Student loan options for graduate and professional studentsSenator Kristen Gillibrand proposes improvements to Public Service Loan Forgiveness program in second stimulus bill
FORBES — New York Senator Kirsten Gillibrand is continuing to bang the drum for improving the Public Service Loan Forgiveness (PSLF) program in the next stimulus.
Read More about Senator Kristen Gillibrand proposes improvements to Public Service Loan Forgiveness program in second stimulus billStudent loan debt weighs on the mental health of young lawyers
TAMPA BAY TIMES — Many new lawyers feel frustrated with their student loans — and some say they’re depressed due to their debt — according to a new report from the American Bar Association.
Read More about Student loan debt weighs on the mental health of young lawyersFederal student loans decline during summer term amid the pandemic
INSIDE HIGHER ED — Federal loan disbursements were down across the board this summer, but for-profit colleges were hit particularly hard.
Read More about Federal student loans decline during summer term amid the pandemicReport: Public Service Loan Forgiveness program falling short of intention
FORBES — A new report paints a bleak picture of the Public Service Loan Forgiveness (PSLF) program, and raises fresh concerns that the program is failing millions of student loan borrowers who were promised relief.
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