Tag Archives: default
N.C. Community Colleges Lobby Against Federal Student Loans
The presidents of 38 North Carolina community colleges have come together to oppose a new state law that requires them to offer federal student loans to their student bodies beginning July 1, 2011. As written, the law would make community
Tenn. Community College May Cut Federal Student Loans
Nashville State Community College is weighing the decision to eliminate federal student loans from its financial aid programs. The school is assessing the number of its students who have defaulted on their federal student loans and believes it may be
New Report Goes Beyond Defaults, Examining Student Loan Delinquencies
A new report issued by the Institute for Higher Education Policy examines the issue of delinquency — late payments — as a factor in student loan defaults. Researchers at IHEP analyzed a broad range of data from borrowers whose federal
Loan Modifications: More Harm than Good?
In 2009, millions of United States homeowners learned that modifying their existing home loans served only to expedite foreclosure rather than prevent it. A U.S. Treasury report released in early December of 2009 revealed that only 4% of applicants under
Pitfalls of Defaulted Student Loan
Students take student loans in order to meet their tuition fees of college or university. They always have best intentions as these are the loans availed to build up their career to enhance their future opportunities. They are always eager
Rising Default Rates on Student Loans Stir Concerns
New data from the U.S. Department of Education show that 2008 was a bad year to graduate from college in terms of student loan defaults. According to the Education Department, 7 percent of the class of 2008 has defaulted on