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Navient Banned From Servicing Federal Student Loans

BestColleges

A former student loan servicing giant will no longer be allowed to service federal student loans. A federal watchdog has banned Navient from participating in the federal student loan system and levied a $120 million fine on the loan servicing company. billion in private student loan debt.

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Biden Admin Forgives $6B in Debt for Former Art Institute Students

BestColleges

The Department of Education will forgive debt for over 300,000 former Art Institute students. Many former Art Institute students will soon see their remaining federal student loan debt balance cleared. ED will also refund all payments borrowers made toward student debt used to pay for an Art Institute education.

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The Rising Cost of College Tuition

Top Tier Admissions

With tuition costs soaring to nearly six figures, concerns about affordability and the value of a college education have come to the forefront. In fact, between 1987 and 2017, the cost of attending a public four-year college rose more than 200%, far outstripping the growth in household income. for the same period.

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How Do Most People Pay for College?

BestColleges

According to recent data from the Department of Education (ED), about 8 in 10 bachelor's degree students (82%) have had help from their parents to pay for college. [1]. Almost one-third of parents (32%) contributed more than $10,000 a year to their child's college education. [2]. 41% borrowed federal student loans. Check Circle.

Loans 52
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Student Debt Forgiveness, Repayment Options for Social Workers

BestColleges

Many social workers may qualify for public service loan forgiveness (PSLF) if they work for a government agency or nonprofit. The downside, however, is that the pursuit of a social work degree can leave students with high student loan balances. A 2017 report to the Council on Social Work Education found that 34.3%

Loans 52
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How Much Does Grad School Cost?

BestColleges

This report covers average graduate student loan amounts, average costs by institution type and degree program, and earning potential for graduates with advanced degrees. Graduate Student Loan Debt Earnings Potential Sources Average Cost of Graduate School The average cost of graduate tuition and fees is $19,700 per year.

Loans 52
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Is a Business Degree Worth It? Key Facts and Statistics

BestColleges

About 13% were continuing their education and another 11% were seeking work. Note Reference [2] By comparison, 60% of all bachelor's degree graduates were employed, 22% were continuing their education and about 13% were seeking work. Roughly 57% of undergraduates take on debt to pay for their education. [11]