Know Before You Owe

Student loan stakeholders continue to seek solutions to better inform student loan borrowers of about their rights and responsibilities as well as loan terms.  In a recent communication to ED and CFPB the Consumer Bankers Association of private lenders offers useful advice and recommendations.

The CBA “Know Before You Owe” initiative and their recommendations can be accessed at;

https://www.consumerbankers.com/sites/default/files/CBA%20Letters%20to%20Ed%20and%20CFPB.pdf

New York’s DREAM Act is a reality, but challenges remain for getting undocumented students to apply for financial aid

Five years after fleeing a violent militant group in Nigeria, Ifeanyi Ejiogu is on the pathway to earning asylum in the United States. Still, the Bronx high school senior’s first instinct when meeting new people is to watch every word.

That fear is a major concern for advocates, educators, and students who are celebrating the recent passage of the Jose Peralta New York State DREAM Act, which would allow undocumented students to receive financial aid to attend New York colleges. Gov. Andrew Cuomo is expected to sign the bill, which comes with a recommended $27 million for tuition assistance, by April.

New York’s DREAM Act is a reality, but challenges remain for getting undocumented students to apply for financial aid