WHEN STUDENTS GRADUATE or drop out of college, they typically begin repaying the student loans they borrowed to finance their education. But sudden college closings, like ITT Technical Institute’s closing in 2016, leave thousands of students in the lurch, uncertain about the future of their loans.
What happens to student loans after a school closing isn’t just a concern for former ITT Tech students. The list of closed colleges is becoming a lengthy one, including for-profits like Argosy University and Corinthian Colleges. Small private nonprofit colleges continue to struggle – like Hampshire College in Massachusetts, which considered merging with another school to avoid closing – and larger public colleges like the University of Wisconsin system are consolidating.
Student Voices
Naturally we will be following #NegReg closely and providing analysis, information, memes, and snack and drink recommendations as needed. Make sure you follow to stay up to date.
Just when you thought you could stop thinking about #NegReg @usedgov announces topics for table 3!
1⃣TRIO Programs
2⃣Accreditation
3⃣State Authorization
4⃣Return to Title IV
5⃣Cash Management
6⃣Third-Party Servicers
7⃣Deferments and Forbearances
8⃣Distance Education
Today, Biden admin announces its third higher ed #negreg agenda. Topics include (yet again😵💫) accreditation, state auth, and distance ed. Addt'l topics: R2T4, cash management, third-party servicers (likely addresses OPMs and bundled services), and deferments and forbearances. /1
Phew! This is a seriously ambitious agenda for a #NegReg this year. All topics that are much needed.
Accreditation and state auth alone are going to take a lot of time to work through.
Agency Rule List - Fall 2022 by https://www.reginfo.gov/public/do/eAgendaMain?operation=OPERATION_GET_AGENCY_RULE_LIST¤tPub=true&agencyCode=&showStage=active&agencyCd=1800&csrf_token=4057C3172F1EBE6E8ABA0CB826C3F36E151621FCE81D1FD8473A038ADBB0FA9CB77EE343439A98690D7701BC2079C499FC54
Everyone should have a path to pay down their student debt, and it shouldn’t take a criminal side hustle to do it. @TheHillOpinion #ProtectBorrowers #DefendStudents #CancelStudentDebt https://thehill.com/opinion/finance/3817930-interest-is-a-black-hole-thats-devouring-student-loan-payments/
While most people do not turn to crime to pay off their student loans, the demoralizing experience of making student loan payments month after month only to see the balance stay the same — or even grow — is common. 2/3 #ProtectBorrowers #DefendStudents https://thehill.com/opinion/finance/3817930-interest-is-a-black-hole-thats-devouring-student-loan-payments/
Starting now, 3:30 p.m. join us along with
@HerbinJaylon @EScoopStirgus @VanMcCray for a student loan discussion about President Joe Biden's student loan debt relief plan, the court challenges and its impact on past and current borrowers. #DefendStudents https://live.ajc.com/studentloandebtreliefdilemma