A new U.S. Department of Education regulation to narrow eligibility for a key student debt relief program for public service workers has drawn strong opposition from advocates who argue the regulation is an attempt to target organizations whose missions do not align with President Donald Trump’s agenda. Under a final rule slated to take effect […]
Student Debt
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‘Student loan socialism scheme’: Iowa’s senators decry SAVE plan as millions enroll
In the two weeks since the launch of the online application portal for the Biden administration’s latest initiative to provide student loan debt relief, almost 40,000 Iowans have been enrolled. According to the U.S. Department of Education, those Iowans are among 4,609,800 Americans who are now covered by the Saving on A Valuable Education (SAVE) […]
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Board of Regents increases tuition, approves raises for university presidents
Students at Iowa’s public universities will pay more in tuition for the 2023-24 academic year, the Iowa Board of Regents agreed Wednesday. In-state undergraduate students at the University of Iowa, Iowa State University, and the University of Northern Iowa will pay 3.5 percent more for their tuition and fees. Resident students will pay $9,016, $8,982, […]
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Five Iowans share how forgiveness of student loan debt would impact them
About 420,000 Iowans owed a combined total of $12.8 billion in student debt, as of September 2020. The average amount for Iowans with student loan debt was $30,500. People in Iowa are more likely to have student loan debt but owe “significantly less on average” compared to individuals in other states, according to data and […]
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Sen. Grassley says student loan debt helps people ‘appreciate’ their education ‘a little more’
Sen. Chuck Grassley thinks people won’t fully appreciate their college educations if the federal government eliminates student loan debt, Radio Iowa reported on Tuesday. “There’s a lot of debt that’s freely taken because people choose to do it, people choose to go to college,” Grassley said.
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Federal student loan ombudsman quits over Trump administration refusal to protect borrowers
The top federal official in charge of protecting student borrowers from predatory lenders, announced his resignation on Monday. In a letter to Acting Director of the Consumer Financial Protection Bureau (CFPB) Mick Mulvaney, Seth Frotman said the bureau’s current leadership is allowing student loan companies to “drive millions of Americans to financial ruin with impunity.”
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Interview: Sara Goldrick-Rab on moving forward with college affordability
Paying the Price: College Costs, Financial Aid, and the Betrayal of the American Dream Iowa City Public Library — Monday, Feb. 13 at 7 p.m. Scholar-activist Sara Goldrick-Rab spent years following students struggling to pay for college — and sometimes failing, leaving with no degree and overwhelming debt. In talks on Monday, Goldrick-Rab will discuss […]
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Harreld issues call to action following proposed budget cuts to Iowa universities
University of Iowa President Bruce Harreld issued a call to action Thursday following Gov. Terry Branstad’s suggested $34.3 million cut to higher education — the largest cut made as part of an effort to slice $110 million from the budget for the current budget year. “This cut, in the current fiscal year, is not without […]
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Student Debt: Graduate students are finding that the world of academia is shutting them out
Denied for student requirement.” This is what a teaching assistant at the University of Iowa, who prefers to remain unnamed, was informed by the Iowa…
