Luke Herrine of Alabama has written The Destabilizing Politics of Student Debt, forthcoming in the Illinois Law Review. Here’s the abstract: This Article examines why student loans became central to higher education finance in the United States and how they have undermined their own centrality over time. As the liberal constituency for funding redistributive social […]
Category Archives: Student Loans
The student loan delinquency rate for student loan borrowers grew from roughly zero to nearly 25 percent in 2025, according to a devastating report from The Century Foundation and Protect Borrowers. The report found that nearly 9 million student loan borrowers—or, one out of every five borrowers—are in default. Further, 3/4 of borrowers moving from […]
Here. Here’s an excerpt from the story (not the report itself) about an omitted section: The college pricing section focuses on the role universities themselves play in the student loan crisis. The sticker price for college tuition has risen at more than double the rate of inflation since the year 2000. Most students don’t pay […]
A few weeks ago, I shared that the Department of Education had planned to, for the first time since 2020, resume wage garnishments and other involuntary collections on federal student loans. Today, though, the Department announced a reversal of course, stating it would delay collections efforts while it “implement[s] major student loan repayment reforms under […]
Here. Excerpt: The level of changes to this year’s report seem to go far beyond the agency’s standard editing process, said Mike Pierce, who served as the senior adviser to the student loan ombudsman at CFPB from 2011-2018. “I can’t ever think of a set of circumstances or something quite like this [that] happened in […]
Just in time for Christmas, the Department of Education announced that, for the first time since the first Trump Administration stopped the practice in 2020, it would resume garnishing wages of borrowers in default on their federal student loans at the start of the new year. After red states successfully sued to stop modest debt […]
Here, by Annie Nova. Here’s a table from the article with some numbers. SAVE is the program that’s essentially ending on August 1; IBR is an alternative that borrowers can enroll in. Estimated monthly student loan payments by income bracket Income-Based Repayment (IBR) vs. SAVE The table shows the changes in monthly payments for student […]
Seth Frotman & Tara Mikkilineni have written The Trump Administration Wants to Reboot Redlining at the Harvard Journal of Law & Technology’s Jolt Digest. Here’s an excerpt: [T] he Vought CFPB[] . . . . has quietly made a series of moves that would enable an unholy alliance of Big Tech and financial institutions to digitally […]
Here, from the Consumer Federation of America and Student Borrower Protection Center. The conclusion is based on elimination of fee limits, dropping of enforcement actions, and blocking payments to consumers, among other things.
The so-called Big Beautiful Bill caps an individual’s aggregate government student loans for professional school education at $150,000. For many people, that wouldn’t be enough to cover the cost of attending, for example, a law or medical school. A 2021 ABA study that surveyed more than 1300 lawyers who had graduated or been licensed in the […]