The National Association of Student Financial Aid Administrators (NASFAA) and the Association for the Study of Higher Education (ASHE) embarked on a yearlong effort to identify and examine ways to make financial aid research more relevant to financial aid practitioners. To inform their recommendations, they surveyed NASFAA members, reviewed the…

This report provides a resource of accurate, timely and comprehensive facts about higher education in Minnesota. It includes comparisons over time as well as national and peer institution comparisons to add context for the interpretation of the data. It is expected to be used by a number of stakeholder groups such as legislators, educators and…

Intended for financial aid counselors, this document provides guidelines to the Federal Direct Consolidation Loan Program for borrowers who are in school, as well as those in repayment, or in default. An introductory section explains the basics of the consolidated loan program, loan categories, and interest rates. Next, standards for borrower…

This guide, which is sent to postsecondary schools, provides them with draft cohort default rates for student loans under the Federal Family Education Loan (FFEL) Program and the William D. Ford Federal Direct Loan Program. The guide is intended to assist schools in understanding how a cohort default rate is calculated, reviewing loan record…

This report lists postsecondary schools with official student loan default rates of 40.0 percent or greater for fiscal year 1996. Schools are listed in state order. Provided for each listing is a code indicating the types of loan programs in which the school is currently participating, an identification number, school name and address, the fiscal…

This guide is intended to help school financial aid administrators meet the requirement that they provide in-person exit counseling to borrowers of Federal Direct Stafford/Ford Loans (direct subsidized) and Federal Direct Unsubsidized Stafford/Ford Loans (direct unsubsidized). The guide is intended to be used with a companion video and a guide for…

Historical data concerning the federal Guaranteed Student Loan Program/Stafford Student Loan Program/Family Education Loan Program are presented, tracing default rates since 1980 and the population distributions for borrowers by institution type (overall, collegiate, noncollegiate, public or private, two- or four-year, proprietary). Individual…

This report presents the student loan default rate for individual postsecondary institutions for fiscal years (FY) 1994, 1995, and 1996. Cohort default rates are cataloged by state and in descending order of the cohort default rate. Types of loan programs in which schools are currently participating are also listed for each school. Included for…

A discussion of debt burden, particularly for college students and graduates, looks at recent research, discusses borrower perceptions of debt burdens and excessive debt, analyzes debt-to-income ratios, and synthesizes these ideas into a universal model. Data from a 1990 state survey of borrowers by the Iowa College Student Aid Commission.…

Debtors seeking discharge in bankruptcy of student loans should be aware of certain arguments in their favor: that the burden of persuasion should remain on the creditor throughout; the standard of proof should be the preponderance-of-the-evidence standard; and that burden of production is, for the most part, the creditor's. Recent case law is…

This survey concludes that, overall, student debt has not caused most borrowers to make lifestyles changes nor regret their educational investment. Discussion analyzes borrower debt levels; payment-to-income and debt-to-income ratios; noneducation debt burden; student perceptions about borrowing and debt; effect of borrowing on decision making;…

These proceedings include five papers presented at a symposium on issues related to the increasing amounts of student borrowing and resulting student debt. Also included is a synopsis of a roundtable discussion addressing core questions framed by the symposium, as well as several public policy options for addressing student loan debt burden. The…

This report examines issues relevant to establishing an Office of Student Financial Assistance (OSFA) ombudsman office within the Department of Education. The OSFA ombudsman office came out of the need to improve student lending program services and to mitigate the impact of loan default on students. It was determined that students involved in…

Based on a survey of former California State University students who repaid (224) or defaulted on (128) loans, an analysis found high levels of significance in postsecondary outcome variables (graduation, employment and income patterns), institutional practices and characteristics, student background characteristics, and understanding of rights…

This report lists postsecondary schools with official student loan default rates of 25.0 percent or greater for fiscal years (FY) 1994, 1995, and 1996. The listed schools had previously been excluded from the Federal Family Education Loan Program and/or the Federal Direct Student Loan Program due to their high default rates, and this exclusion may…