Norwich University is the latest college to adopt the approach. Though the alternative to student loans is being praised, some critics warn of unintended consequences.
“Everyone in government who is serious about standing up for the tens of millions of student loan borrowers in this country should embrace [these reforms],” the Massachusetts senator said of her five-point plan.
Last week, the U.S. Senate confirmed John B. King Jr. as secretary of education, a post that has the unique power to relieve students of federally guaranteed loans. Yet as acting secretary, King took no action to help those conned by for-profit colleges.
A look at the day's political happenings, including student loan interest rates double due to Congress' inaction and Texas Republicans begin their push to pass a controversial anti-abortion law in the new special legislative session after their attempts were thwarted last week.
A look at the day's political happenings, including congressional action on student loan rates and Glenn Beck trying to profit off of the Supreme Court's Obamacare ruling.
Despite agreeing that low federal student loan interest rates should be extended, Democrats and Republicans have not been able to come together to do so. On Thursday, the Senate rejected two competing plans that would have kept student loan rates from doubling to 6.8 percent on July 1.
Democratic legislation that would prevent student loan interest rates from doubling was blocked in the Senate by Republicans on Tuesday.
Since last fall, one million borrowers have had their federal student loans randomly assigned to new loan-servicing companies, all nonprofits or subsidiaries of nonprofit organizations, thanks to a little-known provision in the 2010 healthcare overhaul.
This disturbing video shows riot-ready police facing off with students protesting on Wednesday at UC Berkeley The students were reportedly attempting to set up camp on school grounds, which initially didn't go over well (more).