Sentences with phrase «higher student loan default rates»

This loan standard was brought up for the reason that for - profit colleges are more expensive than public colleges and they have higher student loan default rates than other colleges.

Not exact matches

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

For older borrowers who rely on student loans to finance their own education, government statistics show their default rate is much higher than that of younger borrowers.

The company, whose best - known subsidiary is The University of Phoenix, has come under government scrutiny on grounds that it recruits under - qualified students who later default at a high rate on their government - subsidized loans.

The Syracuse Post-Standard ranked the Upstate New York colleges where students were least likely to get a degree, and had the highest rates of default on their federal loans.

It sounds as if the private teacher preparation system in Texas comes very close to the scandalous and very expensive (to students, parents, and the federal government - through very high default rates on guaranteed student loans) «private college» system which is currently being forced to clean up its act.

On average, students who attend for - profits have poor graduation rates, high loan - default rates, and dismal job prospects.

For younger students, who do not have sufficient credit history, monthly payments on private student loans could be hardly bearable, as the interest rate set by lenders is typically very high to offset potential risk of default.

However, a slightly higher interest rate is much less damaging than a defaulted student loan or multiple loans showing 60 days past due on your credit report.

Bad credit student loans already have high interest rates compared to regular student loans but if you also default on the loan, you can incur in penalty fees and additional charges.

His solution involves reauthorizing and altering the Higher Education Act with an emphasis «to simplify and streamline the student loan repayment process and decrease loan default rates.»

Or the student's college may have opted out of the federal student loan programs to preserve eligibility for the Pell Grant program, since schools with high cohort default rates lose eligibility for both federal loans and grants.

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Two other key points from the Brookings analysis: 1) for - profit schools remain the primary driver of high student loan defaults, and 2) black college graduates default at five times the rate of white college graduates, due to persistent unemployment, higher use of for - profit colleges and lower parental income and assets.

Because of the poorer outcome rate, for - profit students accounted for 44 % of federal student loan defaults even though they represented only 11 % of all higher - education students.

The Federal government must stop financing the for - profit schools and colleges, which have extraordinarily high student - loan default rates.

Americans are defaulting on their student loans at the highest rate in history.

Unlike government student loans that typically come with low interest rates and generous repayment terms, private loans require high credit scores to qualify and rigorous payment plans that have a nasty reputation for producing defaults.

Although the default rates have dropped from historic highs, the federal student loan default rate rose sharply during the «Great Recession» and generated headlines all across the nation.

When Suze says that she thinks student loans should be dischargeable, she is saying that more of them should be allowed to default, meaning that the non-defaulters will need to pay higher rates.

It has been shown to affect home ownership and other types of funds down the road; additionally, there is a high rate of student loan default.

While many politicians will try to make the point that high student loan debt leads to a higher rate of default, data from the

While many politicians will try to make the point that high student loan debt leads to a higher rate of default, data from the Consumer Credit Panel shows that the default rate actually drops as the amount of borrowing increases.

Available data indicate that borrowers 65 and older hold defaulted federal student loans at a much higher rate, which can leave some retirees with income below the poverty threshold.

Attached to the private student loans were abnormally high interest and default rates that made repayment of these loans nearly impossible for Corinthian students.

The generation that owes more than a trillion dollars in student loans today and is defaulting at higher and higher rates need more immediate solutions.

Sen. Sherrod Brown's (D - OH) bill would empower the Treasury Department to buy up privately - issued loans, which tend to have higher interest rates and worse default rates, and reduce rates on outstanding private student loan debt for many.

Small wonder so many people default on their student loans which makes the student loan market a risky venture for investors which forces high interest rates.

that found that some higher ed institutions hired third - party consultants to encourage recent graduates to put their student loans in forbearance (in lieu of potentially more beneficial repayment plans) as a way for those schools to avoid a poor cohort default rate.

On Thursday, the Government Accountability Office (GAO) released a report that found that some higher ed institutions hired third - party consultants to encourage recent graduates to put their student loans in forbearance (in lieu of potentially more beneficial repayment plans) as a way for those schools to avoid a poor cohort default rate.

A person who has defaulted student loans on their credit report may be required to pay higher interest rates, deposits, and payments — or they could face denial of services.

The rates of senior citizens with unpaid student loan debt is higher now than ever — a 385 % increase — and those in default are seeing their Social Security checks diminished because of it.

If your grandchild experiences student loan default, they'll suffer a devastated credit score and, by extension, an inability to get an affordable interest rate on a mortgage, a new car, and in some cases, a higher paying job.