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Student loan company accused of predatory lending cops to $1.85 billion deal

Navient Corp. committed Thursday to canceling $1.7 billion in private student loans for 66,000 borrowers in Arizona and across the country as part of settlement over lending practices and payment plans said to be abusive and predatory. ... Read more»

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Analysis

College loans to parents linked to greater harm than those to students borrowing for own tuition

Taking out a student loan is associated with a lower financial well-being score for everyone, but research found that it is associated with an even lower score when the loan is for the borrower’s child.... Read more»

Biden administration resists Democrats’ pleas on student debt relief as deadline nears

Congressional Democrats are urging the White House to extend the freeze on student loan repayments, and for the president to cancel up to $50,000 of student debt — but so far the administration is not budging. ... Read more»

‘We’re aides, not maids.’ How one high-demand job shows education system’s failings

Key to enabling older adults to remain at home is expanding the number of home health aides, but attracting aides is challenging; it’s exhausting work, with low pay, often no benefits, little respect and is overwhelmingly done by women of color and a dwindling number of immigrants.... Read more»

Education Department will forgive $5.8 billion in student loans for disabled borrowers

A troubled Education Department program left many disabled borrowers unable to escape crushing debt, and finally, a decade after ProPublica exposed the issue, the US has taken a major step to address the program’s defects. ... Read more»

Biden extends student loan payment pause to 2022

The U.S. Department of Education announced that it will extend the freeze on student loan repayments through the end of January 2022, a pause that was initiated by the Trump administration in 2020, and it was set to expire on Oct. 1. ... Read more»

What’s in the $900B emergency relief bill — and what’s out

Congress passed a massive bipartisan emergency relief bill Monday night that's intended to aid Americans affected by the COVID-19 pandemic. Summaries from House Democratic appropriators say it includes:... Read more»

Debt collectors have made a fortune this year; now they’re coming for more

After a pause for the pandemic, debt buyers are back in the courts, suing debtors by the thousands.... Read more»

Forgone forgiveness: New try at student loan repayment shows few gains

A congressional attempt to salvage a foundering student loan forgiveness program was only marginally better, with just 4% of Arizona applications approved in the second round – and that was four times better than the national rate.... Read more»

Plan to forgive public-service workers’ student loans off to rocky start

The federal government promised college students in 2007 that if they went into a public service profession, they could apply to have whatever student loan debts they still had after 10 years forgiven. So far, the reality has been somewhat different.... Read more»

Trump budget targets grant benefiting 35,000 Az college students

The Trump administration’s budget blueprint calls for eliminating a need-based grant that benefits more than 35,000 Arizona college students, a cut that one expert said could be “a real setback for students.” The cut was part of a proposed 13 percent decrease for the Department of Education.... Read more»

Feds finally forgive billions in debt for students who've become disabled

The federal Department of Education said last week it would offer to write off $7.7 billion of student debt owed by disabled individuals, taking a big step to streamline a loan forgiveness program long plagued by bureaucratic delay and inefficiency.... Read more»

Who keeps billions of taxpayer dollars flowing to for-profit colleges?

Accreditation agencies are supposed to make sure that colleges are putting students in a position to succeed. That’s not happening at schools overseen by one accreditor in particular. ... Read more»

Arizona college grads’ student debt among lowest in nation

Arizona college graduates in the class of 2014 had the fifth-lowest student debt in the nation, finishing their schooling at four-year, non-profit schools with an average bill of $22,609, according to a new report.... Read more»

FactCheck

Fiorina misleads on student loans

Republican presidential candidate Carly Fiorina gave a misleading description of the options available for college students who need loans to pay for their education. ... Read more»

Report: Arizonans carrying $22.6 billion in federal student loan debt

Around 885,000 Arizonans owe more than $22.6 billion in federal student loans – numbers that students and experts fear will only get worse under a 13 percent university funding cut in the just-approved state budget.... Read more»

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