Federal Student Loans
July 24, 2013
"The compromise reached by a bipartisan group of Senators and led by President Obama is a major victory for college students across the country. If enacted, the plan would cut rates on nearly every single new college loan this year, offering relief to nearly 11 million borrowers.
April 29, 2013
U.S. Secretary of Education Arne Duncan will host a press call today at 3 p.m. to discuss upcoming changes to the Free Application for Federal Student Aid (FAFSA) that will help the Department to more accurately and fairly discuss students' need for aid. Justin Draeger, president of the National Association of Student Financial Aid Administrators, will join Duncan on the call.
September 12, 2011
The U.S. Department of Education today released the official FY 2009 national student loan cohort default rate, which has risen to 8.8 percent, up from 7.0 percent in FY 2008.