Press Releases
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Congress Passes Major Student Aid Reform
The Project on Student Debt - March 26, 2010Statement of Lauren Asher on the final passage of the Student Aid and Fiscal Responsibility Act, which will make college more affordable for millions of Americans by streamlining the federal...
Statement on Today’s Student Loan Reform Legislation
The Project on Student Debt - March 18, 2010Statement from Lauren Asher on the student loan reform legislation contained in the reconciliation bill.
California Economy Missing up to $500 Million Due to Low Financial Aid Application Rates and Community Colleges
The Institute for College Access & Success - March 17, 2010New research shows that hundreds of thousands of California Community College students are eligible for federal Pell Grants but do not apply, leaving up to $500 million unclaimed in 2009-10. The...
Statement on the Need for Student Loan Reform to be Included in Reconciliation
The Project on Student Debt - March 12, 2010Statement from Lauren Asher on the need to include the Student Aid and Fiscal Responsibility Act in reconciliation.
President Obama’s Budget is Good News for College Students
The Project on Student Debt - February 1, 2010Statement from Lauren Asher on the President's FY 2010-11 budget, which includes an historic Pell Grant increase, makes student loan repayment more manageable, and other important reforms to make...
Obama Proposes More Affordable Student Loan Payments
The Project on Student Debt - January 25, 2010Statement from Lauren Asher about President Obama's proposal to improve Income-Based Repayment.
Despite Promise to Spare Higher Education, Governor Proposes Cal Grant Cuts
The Institute for College Access & Success - January 8, 2010Statement of Program Director Deborah Frankle Cochrane on Governor Schwarzenegger's proposed 2010-11 budget.
New Default Rate Data for Federal Student Loans: 44% of Defaulters Attended For-Profit Institutions
The Project on Student Debt - December 15, 2009The U.S. Department of Education has released a preview of new draft default rates yesterday. The new data show nearly 400,000 students who entered repayment in 2007 had defaulted by 2009,...
House Votes on Consumer Financial Protection Agency Take Important Steps to Rein in Risky Private Student Loans
The Project on Student Debt - December 11, 2009Statement of Lauren Asher on House passage of a bill to create the Consumer Financial Protection Agency, which would have oversight over all private student loans and help protect consumers from...
Recent College Grads Face Record Debt and Unemployment
The Project on Student Debt - December 1, 2009College seniors who graduated in 2008 carried an average of $23,200 in student loan debt. Meanwhile, unemployment climbed from an already challenging 7.6 percent in the third quarter of 2008 to...

