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Congress Cuts, Obama Attempts to Collect as Loan Default Rates Rise
Tweet Share on Facebook October 26, 2011 Comment (8)Your very own Student Loan Ranger (and many others) have chronicled the rapid growth of student loans and the associated rise in default rates (not to mention deferment, forbearance, and delinquency rates). This rise in default rates was reaffirmed by the U.S. Department of Education's release of its fiscal year 2009 national student loan cohort default rate.
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Research Job Prospects Before Investing in Your Education
Tweet Share on Facebook October 19, 2011 Comment (2)If you are thinking of attending law school, you should pay attention to a relatively obscure decision by the American Bar Association's Section of Legal Education and Admissions to the Bar. On September 23, the Section decided it will not require law schools to reveal the percentage of 2010 graduates working in the legal profession or in part-time legal jobs. In previous years, law schools have had to report separately the percentage of recent graduates in jobs that required bar passage, jobs for which a J.D. was preferred, and jobs that did not require a J.D.
Art Gaudio, chairman of the ABA's questionnaire committee, informed The National Law Journal that the question was dropped this year because members were uncomfortable with the way the jobs were defined. The question, he noted, will be included in the 2011 survey. Gaudio also said that job placement data will be collected on an accelerated schedule in the future so prospective law students will be able to base their decisions on more up-to-date information.
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As Student Loan Grace Period Ends, Consider Options to Avoid Default
Tweet Share on Facebook October 12, 2011 Comment (1)It's October and time for the Fall Classic (though without my beloved New York Yankees). For many recent graduates, it's also a far less exciting season: time to start repaying student loans.
That's right, your fleeting six-month grace period is almost finished. You aren't able to see us, but at the Student Loan Ranger, we are making a sad face for you. We've also compiled some tips for entering repayment and what to do if you aren't able to shoulder the financial burden just yet.
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The Student Loan Ranger's Mailbag Express: Public Service
Tweet Share on Facebook October 5, 2011 CommentGoing to law school today means you are going to borrow money—a lot of money— and it is not a decision to take lightly. Here at Equal Justice Works, we also believe that you can commit to a public interest career despite the burden of educational debt. In fact, generations of attorneys, doctors, social workers, and members of countless other professions have spent their careers in public service, and many of them made great financial sacrifices to do so.
