Financial Aid

Career College Central Summary:

  • U.S. Sen. Elizabeth Warren, D-Mass., said her vision for 2015 in Washington involves maintaining a sharp focus on student loan debt and the drag it is on the economy and the future of the country.
  • While Warren previously introduced and pushed a bill to allow people to refinance student loans at the current low rates to save them money each month, it failed in the Senate, although it drew an impressive 58 votes.
  • When...

Career College Central Summary:

  • I’ve been inundated with questions from concerned readers over the last few months about the tactics that student loan consolidation companies have been using to recruit customers and borrowers. The concerns are simple yet scary: are these promises too good to be true? They want money up front, I’m worried? XYZ Company asked for my pin, is that okay?
  • The fact is, these companies can’t do anything you couldn’t...

Career College Central Summary:

  • Corinthian Colleges, the for-profit chain under investigation for misleading students and faking job placement records, has a savior. The Educational Credit Management Corp. announced Thursday it plans to buy 56 of troubled Corinthian Colleges’ (COCO) 107 campuses for $24 million—quite a deal, considering the chain was worth $4.2 billion in 2003.
  • But ECMC, as it’s called, has had troubles of its own. The nonprofit...

Career College Central Summary:

  • When it comes to education, the Obama administration has taken a scorched earth approach to private sector (for-profit) higher education. Despite all common sense, the administration has finalized its "gainful employment" regulations and imperiled the future of thousands of underserved minority students. Under the guise of reducing student debt and curbing alleged abuses by career colleges and universities, these regulations would...

Career College Central Summary:

  • This map shows average student loan debt and student loan default rates in the U.S. when your cursor hovers over a state. The table below shows a ranking of states by their average student loan debt.
  • Explore, then see our conclusions below. We used debt figures from The Institute for College Access & Success’s report, “Student debt and the class of 2013” (released Nov. 2014) and default figures from the U.S....