Press Releases
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New Federal Income-Based Repayment Plan Goes Into Effect July 1
The Project on Student Debt - June 30, 2009Income-Based Repayment (IBR), a new federal program that caps monthly student loan payments based on a borrower’s income and family size, goes into effect on July 1. The application for this...
FAFSA Simplification Plan Will Make It Easier for Students to Get College Aid
The Institute for College Access & Success - June 24, 2009With students and families more worried than ever about how to pay for college, the Obama Administration’s actions to simplify the financial aid process couldn’t have come at a better time....
Lauren Asher Named President of the Institute for College Access & Success
The Institute for College Access & Success - June 24, 2009The board of directors of The Institute for College Access & Success has named Lauren Asher president of the nonprofit policy and research organization, which is home to the Project on Student...
New Obama Reforms Should Include Private Loans
The Project on Student Debt - June 17, 2009President Obama announced a Comprehensive Plan for Regulatory Reform, including stronger oversight and consumer protections in credit, savings, and payment markets. This statement from Lauren...
New Income-Based Repayment of Federal Student Loans Starts July 1
The Project on Student Debt - June 11, 2009A major new student loan repayment option, Income-Based Repayment, will become available for the first time on July 1, providing much-needed financial relief for hundreds of thousands of federal...
Governor Proposes Eliminating Cal Grants for More Than 200,000 Students this Fall
The Institute for College Access & Success - May 26, 2009In direct contrast to federal efforts to increase college access during the current recession, today Governor Schwarzenegger proposed eliminating all new Cal Grants, along with deep cuts to public...
Lowest Cost Colleges are Hardest to Afford
The Institute for College Access & Success - May 13, 2009Community colleges are usually considered a low-cost college option, but the sticker price is only part of the real story - students often struggle to cover a range of related costs and living...
New Data Show Big Increases in Private Student Loan Borrowing
The Project on Student Debt - April 21, 2009The percentage of all undergraduate students who borrowed private student loans jumped from 5 percent in 2003-04, to 14 percent in 2007-08. At proprietary (for-profit) colleges and universities,...
Students and Grads, Listen Up: Student Loan Debt Relief Is on the Way!
The Project on Student Debt - April 3, 2009Worried about how you will pay off student debt after graduation? Are your current student loan payments unaffordable? What if you can’t get a decent paying job in this economy? If you have federal...
President Obama's Budget Would Make College More Affordable
The Institute for College Access & Success - February 26, 2009President Obama's fiscal year 2010 budget offers a bold and welcome new approach to student aid and will help make higher education more affordable for millions of students and families. It takes...
