Student Loans
Latest
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Options for Student Loan Savings
The federal student loan program has a $1.6 trillion outstanding portfolio of loans and is projected to issue an additional trillion dollars in loans...
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Pell Grant Program Is In Serious Trouble
The Pell Grants program is now expected to run out of reserves by the end of this year and is expected to face a $71 billion to $111 billion ten-year...
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Comments on Proposed Student Debt Hardship Rule
On November 27, Committee for a Responsible Federal Budget's Senior Vice President and Senior Policy Director, Marc Goldwein, and Senior Policy...
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Student Loans Cost $340 Billion More than Expected
Based in part on new data from the Congressional Budget Office, this piece shows: The estimated federal cost of student loans issued between 2015 and...
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College Cost Reduction Act Could Now Save $250-$280 Billion
In January, the House Education and Workforce Committee reported out the College Cost Reduction Act (CCRA), which would make several changes to the...
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Recent Student Loan Actions Forgo $5 Billion in Repayments
The Department of Education announced last week a six-month extension of automatic forbearance to all borrowers enrolled in the SAVE income-driven...
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The President Should Stop Borrowing Through Executive Action
This week, a Missouri court will hear oral arguments in a case challenging the legality of President Biden‘s student debt income-driven repayment plan...
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Lawsuit Alleges Department of Education May Imminently Cancel Student Debt
According to a complaint filed by a coalition of state attorneys general (AGs) led by Missouri, the Department of Education is preparing student loan...
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Student Borrowers Deserve Solutions, Not More Legal Battles
Last week, the Department of Education announced it will take the “next step toward additional debt relief” for student loan borrowers. In particular...
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Pell Grant Shortfall Remains a Threat
Pell Grant costs will exceed new funding over the next decade, based on the latest Congressional Budget Office (CBO) baseline, depleting nearly all...
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Comments on Proposed Rule to Waive Student Debt
On May 17, Committee for a Responsible Federal Budget's Senior Vice President and Senior Policy Director Marc Goldwein submitted comments on the...
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How Much Would Student Loan “Hardship” Provision Cost?
We recently estimated the President’s new student debt cancellation plan would cost between $250 billion and $750 billion over a decade, and have...