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Moody's Offers Pessimistic Outlook for Student Borrowers

August 2, 2011 ~ Inside Higher Ed

"Delinquency rates on student loans have not improved as have the rates for other kinds of consumer loans, raising the prospect that significant numbers of student loan borrowers will be unable to repay their loans in the coming years, Moody's Investors Service says in a new report assessing the stability of the student loan market," Inside Higher Ed reports.

"The report notes that the student loan market expanded during the last part of the 2000s, in contrast to mortgages and other kinds of borrowing that was significantly tightened during the economic downturn. But while delinquency rates on those housing and car loans that were issued after the worst of the downturn have improved, those for student loans have flattened, Moody's says. 'Unless students limit their debt burdens, choose fields of study that are in demand, and successfully complete their degrees on time, they will find themselves in worse financial positions and unable to earn the projected income that justified taking out their loans in the first place."

 

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    2012 NACCAS Accreditation Handbook Available

    January 14, 2012 ~ NACCAS

    NACCAS has published their 2012 Edition of their Accreditation Handbook - dated January 1, 2012.  As of that same date, they updated their Standards and Policies as well as their Rules of Practice and Procedure.

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    January 14, 2012 ~ ABHES

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    January 14, 2012 ~ DETC

    DETC has published their 19th Edition of their Accreditation Handbook - dated January 4, 2012.

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    What's the Real Impact of the President's Student Loan Plan?

    October 27, 2011 ~ Education and Labor Committee ~ RSS Article

    White House officials announced a new plan they claim will significantly lower student loan payments. In a speech yesterday at the University of Colorado, President Obama told students, “Americans could see their payments go down by hundreds of dollars a month.” Sounds great – but like most things with this administration, the facts reveal that the average student loan holder is unlikely to see any real impact from this plan.
    Read more...
     
    Obama's Student-Loan Plan Scores Political Points but Offers Limited Relief

    October 26, 2011 ~ The Chronicle of Higer Education ~ Kelly Field

    With the nation's student-loan debt approaching $1-trillion, and default rates at their highest level in a decade, President Obama is taking modest steps to ease students' debt burdens.
    Read more...