Press Releases

President Obama’s Budget is Good News for College Students
The Project on Student Debt - February 1, 2010
Statement from Lauren Asher on the President's FY 2010-11 budget, which includes an historic Pell Grant increase, makes student loan repayment more manageable, and other important reforms to make...

Obama Proposes More Affordable Student Loan Payments
The Project on Student Debt - January 25, 2010
Statement from Lauren Asher about President Obama's proposal to improve Income-Based Repayment.

New Default Rate Data for Federal Student Loans: 44% of Defaulters Attended For-Profit Institutions
The Project on Student Debt - December 15, 2009
The U.S. Department of Education has released a preview of new draft default rates yesterday. The new data show nearly 400,000 students who entered repayment in 2007 had defaulted by 2009,...

House Votes on Consumer Financial Protection Agency Take Important Steps to Rein in Risky Private Student Loans
The Project on Student Debt - December 11, 2009
Statement of Lauren Asher on House passage of a bill to create the Consumer Financial Protection Agency, which would have oversight over all private student loans and help protect consumers from...

Recent College Grads Face Record Debt and Unemployment
The Project on Student Debt - December 1, 2009
College seniors who graduated in 2008 carried an average of $23,200 in student loan debt. Meanwhile, unemployment climbed from an already challenging 7.6 percent in the third quarter of 2008 to...

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Related News

Downgrade of consumer financial protection agency threatens Obama's overhaul plan
The Los Angeles Times - March 4, 2010
"The move this week to downgrade a proposed Consumer Financial Protection Agency to lure bipartisan support instead appears to be undermining the Obama administration's effort to overhaul the...

Your Taxes Support For-Profits as They Buy Colleges
BusinessWeek - March 4, 2010
" ITT Educational Services Inc. paid $20.8 million for debt-ridden Daniel Webster College in June. In return, the company obtained an academic credential that may generate a taxpayer-funded bonanza...

5 tips on reading your Student Aid Report
Bankrate.com - March 3, 2010
"It happens every year. Thousands of students fill out the Free Application for Federal Student Aid, or FAFSA, expecting free cash. Then they wince when they receive their Student Aid Report in...

Five Minutes With: Elizabeth Warren
Campus Progress - March 1, 2010
"I have been advocating for the CFPA so strongly because I believe it will that a functional credit market is a key ingredient for rebuilding America’s middle class. And I also think it will help...

Budget watchdog recommends fee increase at community colleges
California Watch - February 25, 2010
"The analysts suggest that the budget needs a little more balance. For the community colleges, they recommended a fee increase, from $26 per unit to $40. Most students would be spared from feeling...

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