A look at the effect of student forgiveness programs on taxes
FORBES — There are a myriad of programs and options out there for student loan borrowers to potentially get some or all of their student loan debt forgiven. But these programs have complicated and sometimes confusing eligibility criteria. To make matters even more frustrating, some forms of student loan forgiveness are taxable events, while others are…
Read More about A look at the effect of student forgiveness programs on taxesBipartisan Policy Center recommends series of changes to Higher Education Act
INSIDE HIGHER ED — A panel including lawmakers involved in Congress’s last renewal of the Higher Education Act says that law is now obsolete, recommending a series of changes. In a series of recommendations released Wednesday, a panel of former lawmakers and education experts, chaired by the top Democrat and Republican on the House education committee that helped write…
Read More about Bipartisan Policy Center recommends series of changes to Higher Education ActParent PLUS loans account for quarter of borrowing for college
INSIDE HIGHER ED — A new study adds to growing concerns about a federal program that allows parents to take out loans to help finance their children’s undergraduate education. An increasing portion of parents also are struggling to pay off these loans. For example, the five-year default rate grew to 11 percent for parents who took out PLUS loans in…
Read More about Parent PLUS loans account for quarter of borrowing for collegeSeton Hall Law and Institute for Public Policy partner to assist students pursing public policy and public service careers
NJBIZ — Former-Gov. Chris Christie’s alma mater, Seton Hall University School of Law, and the nonprofit Christie Institute for Public Policy are officially teaming up, a spokesperson for the former governor announced Tuesday. The institute also plans to help train students in law and public policy through its facilitation of externship placements, to give them a…
Read More about Seton Hall Law and Institute for Public Policy partner to assist students pursing public policy and public service careersReport: Racial disparities found in graduate student loan debt levels
INSIDE HIGHER ED — The report looked at the $37 billion in student debt that U.S. graduate students accrue each year, and found that this amount increased by 7 percent between the 2010-11 and 2017-18 academic years. In contrast, undergraduate student debt decreased by 21 percent during that time period. Undergraduate enrollment has also decreased more substantially than graduate…
Read More about Report: Racial disparities found in graduate student loan debt levelsBankruptcy case ruling could make student loan debt discharge easier
TIMES UNION — Cecelia G. Morris, chief bankruptcy judge for the Southern District of New York, ruled in favor of Kevin Jared Rosenberg, who sought to erase more than $220,000 in loans accumulated during his undergraduate and law school years.
Read More about Bankruptcy case ruling could make student loan debt discharge easierEmployers can attract talent and increase retention through student loan assistance programs
EMPLOYEE BENEFIT NEWS — About 45 million Americans are paying off student loans, whether for themselves, on behalf of their kids, or both. Add up everyone’s student loans, and the total comes to a staggering $1.5 trillion nationwide. So when it comes to budgeting and making a financial plan, your employees’ student loans (and for parents,…
Read More about Employers can attract talent and increase retention through student loan assistance programsUCLA Law enhances loan repayment assistance program for law graduates with public interest careers
UCLA LAW — UCLA School of Law graduates who go into public interest law will receive greater financial assistance as the school enhances its Loan Repayment Assistance Program (LRAP), starting in January. Through LRAP, UCLA Law has in the past decade covered roughly $4.5 million in student loan payments for J.D. graduates who work in public…
Read More about UCLA Law enhances loan repayment assistance program for law graduates with public interest careersStudents with disabilities let down by federal loan forgiveness program designed to help them
NPR — For over half a century, student loan borrowers like Denise — with a significant, permanent disability — have been protected by federal law. If they can no longer work enough to support themselves, they can ask the U.S. Department of Education to erase their debts. But an NPR investigation has found that hundreds of…
Read More about Students with disabilities let down by federal loan forgiveness program designed to help themA look at racial disparities in student loan default rates
INSIDE HIGHER EDUCATION — Analysis of federal data shows that African Americans continue to struggle more than other borrowers with repaying student loans — despite heavy use of income-driven repayment programs.
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