Mark Twain’s famous quip about the rumors of his demise applies to the private higher education lending industry. Many people think that because Congress did away with the nominally private … Continue reading “The Private Student Lending Industry’s Death Has Been Greatly Exaggerated”
At the end of October, the Department of Education released its much-awaited "gainful employment" rule. It is supposed to fix (or at least lessen) the problem that many students who pursue vocational training with federal student aid money wind up without a job that pays well enough for them to cover their loans.
Discharging student debt in bankruptcy would be a good idea, if colleges had a stake.
Should colleges keep students from taking federal loans?
Take our poll: Should the federal government get out of the student loan business?
Lenient rules encourage students to keep borrowing, ignore costs, and hunt for “public service” jobs.
