The William D. Ford Federal Direct Loan (Direct Loan) program makes several types of federal student loans available to individuals to assist them with financing postsecondary education expenses. This report presents a comprehensive overview of the terms and conditions that apply to federal student loans made through the Direct Loan program. It…

Since 2008, Sallie Mae has surveyed American families with an undergraduate student about their attitudes toward college and how they paid for it. The "How America Pays for College" research has provided insight regarding families' belief in the value of a college education, how they are making college more affordable, the relationship…

This brief uses administrative data provided on the Baccalaureate and Beyond and Beginning Postsecondary Students data sets to examine student loan repayment over time. Specifically, we provide descriptive details on what differentiates borrowers in income-driven repayment (IDR) plans and explore the relationship between these plans and short-term…

Kevin Carey, vice president for education policy and knowledge management at New America, notes that lawmakers charged with writing a new Higher Education Act (HEA) face a dilemma. Innovation in the higher-ed marketplace is badly needed to improve student learning and break the relentless cycle of increasing cost that puts college out of reach for…

Each year the National Association of State Student Grant and Aid Programs (NASSGAP) completes a survey regarding state-funded expenditures for postsecondary student financial aid. This report, the 49th annual survey, represents data from academic year 2017-18. This report provides data regarding state-funded expenditures for student financial aid…

In 2010, the author wrote an essay, "The New Indentured Educated Class," for "The New England Journal of Higher Education." This piece was pivotal in raising public awareness about a new group of Americans, an enormous group of people--educated and deeply in debt. At that point, few were talking about the student loan debt…

In the context of a long history of racial exclusion, policies designed to address racial inequalities continue to face strong opposition. This is especially true in the higher education sector, where there is strong resistance to efforts specifically designed to rectify racial discrimination (e.g., race-based affirmative action). This report…

In recent years, policymakers, industry stakeholders, and educational institutions have shown an interest in the federal government increasing financial support to individuals who pursue training and postsecondary education in non-degree instructional and work-based learning programs. This report provides an overview of existing federal programs…

The rate of default on college loans in the United States is staggering and poses a major financial threat not only to the students who are unable to repay their student loans but the U.S. economy. For instance, in 2011, borrowers at nonprofit and for-profit 4-year colleges accounted for almost 50% of all federal loan recipients. College students…

U.S. citizens or permanent residents, enrolled at least half time in a qualified program at a participating school, not in default on a prior federal student loan, and not previously convicted of a drug offense while receiving federal financial aid are eligible to apply for a student loan. This chart summarizes the interest rates, loan limits, and…

In April, 2015 the National Association of Student Financial Aid Administrators (NASFAA) joined a collaboration to assist students whose college or career school closed while they were attending or shortly after they withdrew. This collaboration, a response to the closure of Corinthian College, received hundreds of student inquiries in the first…

Faculty advising has been identified as an area of need for the Child Development and Education Department. Over the last several years, students at a Northern California Community College have expressed their concern of not receiving enough time with academic counselors. More importantly, the students vocalized that there simply were not enough…

Student loans can help fill cost gaps created by insufficient grants, scholarships, and family income in funding a postsecondary education. Whereas receipt of grant aid does not require repayment, student loans must be repaid with interest. Loans provide students with additional choices, such as living independently (instead of living with parents…

One in five federal student loan borrowers today is enrolled in income-driven loan repayment (IDR), a set of safety net programs in which loan payment amounts are tied to borrowers' incomes. Policymakers across the political spectrum support expanding IDR as a way of reducing loan default and encouraging borrowers to work in public service…

This guide is intended for college financial aid administrators and counselors who help students begin the aid process--filing the Free Application for Federal Student Aid (FAFSA®) form, verifying information, and making corrections and other changes to the information reported on the FAFSA. The Federal Student Aid Handbook consists of the…