terça-feira, 25 de setembro de 2012
quinta-feira, 20 de setembro de 2012
quarta-feira, 19 de setembro de 2012
domingo, 16 de setembro de 2012
quinta-feira, 13 de setembro de 2012
Private Student Loan Report Amended, Majority Of Students Didn't Exhaust Federal Aid: Consumer Financial Protection Bureau
In this Jan. 4, 2012 photo, former Ohio Attorney General Richard Cordray is photographed by the media in Cleveland. Cordray is the first director of the Consumer Financial Protection Bureau (CFPB). Cordrays combative tumble onto the national stage as President Barack Obamas new consumer watchdog has been anything but typical for the studious, mild-mannered public servant who has occasionally been spotted padding around his office in sock feet. (AP Photo/Haraz N. Ghanbari)
The Report found that the mean borrower would have paid a lower interest rate on a Federal Stafford Loan than a private student loan throughout the period of study, and that Federal Student Loans offer substantially more repayment and modification options than PSLs. Thus, the issue of whether borrowers pursue their Federal options is critical in understanding the overall student loan market. Further analysis might provide more insight on the underlying drivers for not applying for or not exhausting Federal Stafford Loan eligibility. Private student loan borrowers who took out $0 in Stafford Loans were a substantial portion of those who did not exhaust their eligibility. The updates reflect this segment of the borrower population.
Last year, a study by the Institute for Higher Education Policy found that for every borrower who defaulted, at least two more borrowers were delinquent in their payments. And in March, the Federal Reserve Bank of New York, using a survey of credit reports, concluded that more than one in four borrowers of student loans, both federal and private loans, were behind on their payments.