Tag: student loans

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Trump Administration Plans to Scrap Obama Rule Cracking Down on For-Profit Schools

“Students deserve useful and relevant data when making important decisions about their education post-high school,” said education Secretary Betsy DeVos. “That’s why instead of targeting schools simply by their tax status, this administration is working to ensure students have transparent, meaningful information about all colleges and all programs.”

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Obama Praises No Child Left Behind Reform, Universal Pre-K in SOTU

In his final State of the Union address Tuesday evening, President Barack Obama counted the recent reform of No Child Left Behind (NCLB) and the law’s new pre-school provision as hallmarks of his tenure as president, and he said he will continue to fight for universal pre-K and free community college.

Student Asleep (Adrian Sampson / Flickr / CC)

Student Loan Debt: Democrats Shift Blame from Obamacare

With 27 percent of student loan borrowers in default, Democrats want to shift blame away from the multi-billion dollar indirect Obamacare tax that is driving interest rates up on student loans.

CJ Pearson/Facebook

EXCLUSIVE: CJ Pearson Backs Ted Cruz for Prez to Recruit Millennial Voters

The 13-year-old social media star CJ Pearson, whose YouTube videos criticizing President Obama have gone viral, joined Cruz for President this month to help reach out to millennial voters through the campaign’s “youth operation” and talked about his new venture to Breitbart News.

AP Photo

Labor Day Shock: $187B Federal Student Loan Delinquency

Despite the Labor Day unemployment rate supposedly falling to 5.1 percent, the total delinquent loan amount for the 40 million student loan borrowers is now about $340 billion, according to the US Department of Education’s Federal Student Aid website.

AP Photo/Charlie Neibergall

Hillary’s College Plan: Bribe Kids to Vote Dem

The Wall Street Journal calls Clinton’s plan an “attempt to address a source of anxiety for American families while advancing one of the left’s most sweeping new ideas.” It’s no surprise the Left did everything it could to heighten that anxiety before terrorizing people into a “solution” that would spread its sweeping ideas. The WSJ dryly notes that information about Hillary’s plan “will be a key element of campaigning on college campuses this fall.” I’ll just bet it will.

Beer Bong (Joe Raedle / Getty)

Federal Reserve Blames Gov’t Aid for Driving up College Tuitions

A new study from the New York Federal Reserve faults the federal government’s policy of boosting aid to families in recent decades to make college education more affordable, because it enabled institutions to raise tuitions much faster than inflation.

Marco Rubio

Marco Rubio: Hillary Clinton Can’t Lecture Me on Living Paycheck to Paycheck

Florida Senator Marco Rubio (R-FL) made the case that his background made him well-suited to take on Democratic frontrunner Hillary Clinton at the beginning of Thursday’s Fox News debate, arguing that she would be unable to play the Democrats’ usual class warfare games against him.

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SEC Charges ITT with Fraud For Covering Up Disastrous Student Loan Programs

On Tuesday, the Securities and Exchange Commission announced it was charging ITT Educational Services Inc., its chief executive officer Kevin Modany, and its chief financial officer Daniel Fitzpatrick with fraud, alleging that they hid from the company’s investors the how badly two student loan programs were performing.

Kamala Harris (AP)

Kamala Wants to Cancel Billions in Corinthian College Student Loans

Harris stated that she may be able to wipe out student loans through a “closed-school loan discharge”, a rule that provides students with debt relief if they cannot complete their education because their school closed. But “closed-school loan discharge” means former students are not eligible for debt relief, and students that try to transfer with completed class credits lose their eligibility for any debt relief.

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Study: Over 27% of Student Loans Are in Default

A university degree was once perceived as the social elevator to a higher net worth. But the Federal Reserve Bank of New York estimates that 40 million Americans have racked up an average of four loans with an outstanding net balance of $29,000 to obtain a college education.