Last week the Obama administration took another step toward expanding their more generous version of Income-Based Repayment (IBR), known as Pay As You Earn (PAYE), to borrowers who were previously ineligible, despite growing concerns over the cost of the program and the large benefits that go to borrowers who attended graduate school. The administration plans […] … learn more→

Ending the bank-based federal student loan system in 2010 was all about cost savings. Taking subsidies banks received to make loans and putting them toward increasing the maximum Pell Grant award was a sensible policy. And students would be unaffected because they could always borrow straight from the U.S. Department of Education. But the White […] … learn more→

In “Here’s a New Way to Pay for College,” an article published in USA Today [http://college.usatoday.com/2014/04/17/heres-a-new-way-to-pay-for-college/], Daniel Wheaton reports on a new Far-Right proposal to address the student-debt crisis. In a bill that they have called “The Student Success Act,” Marco Rubio, the Republican Senator from Florida, and Jim Petri, a Republican House member from […] … learn more→