student loans

CONGRESSWOMAN DAVIS INTRODUCES BILL TO END STUDENT LOAN TAX

East County News Service

July 13, 2019 (Washington, D.C.) - Congresswoman Susan Davis (D-CA), Chair of the Higher Education and Workforce Investment Subcommittee,  Rep. Lloyd Smucker (R-PA), Ranking Member of the subcommittee, and Rep. Sharice Davids (D-KS) have introduced legislation to eliminate all administrative fees on federal student loans, which would save students over $1.7 billion per year.

CALHEALTHCARES TO PAY OFF $58.6 MILLION IN LOANS FOR 247 PHYSICIANS WHO COMMIT TO SERVE MEDI-CAL PATIENTS

Source:  CalHealthCares

July 2, 2019 (Sacramento) - Physicians for a Healthy California (PHC) announced a commitment to pay off $58.6 million in student loans for 247 physicians under a new program created to expand access to care for Medi-Cal patients.

REP. SUSAN DAVIS' BILL WOULD HELP BORROWERS PAY DOWN STUDENT LOANS FASTER

 

March 13, 2014 (Washington D.C.)-- Being able to pay extra on a student loan can provide peace of mind that a financial burden is shrinking faster than usual. That’s until you learn that the extra money has been applied to future payments and interest, reducing your ability to pay down the principal.  Congresswoman Susan Davis (D-San Diego) introduced legislation today that would require extra payments on student loans go toward the principal of the loan first.

CONGRESSWONAN DAVIS COAUTHORS BILL TO BLOCK RATE HIKE ON STUDENT LOANS

 

April 24, 2013 (Washington D.C.)--Congresswoman Susan Davis (D-CA) cosponsored legislation to block the doubling of interest rates on Stafford student loans set to kick in July of this year.  The Student Loan Relief Act (H.R. 1595) would continue the current 3.4% rate through 2015.

“We need to ensure that access to higher education stays within the reach of middle class and lower-income families,” said Davis, a senior member of the House Education and the Workforce Committee. “If we want our children - and America, for that matter - to be competitive in the global economy, access to an affordable college education will be key.”

READER'S EDITORIAL: THE COMING STUDENT LOAN FREIGHT TRAIN

By Jake Christie

March 2, 2013 (San Diego’s East County)--I could’ve called it a “bomb” or a “fiasco”, but I prefer to call the mess that is the American private and public student loan system a “freight train” because the light at the end of the tunnel is an oncoming high-speed double diesel pulling 25 cars full of heavy loads.  The numbers surrounding the student loan mess are horrifying; the total student loan debt out is one trillion dollars, which is the entire US government budget in a year. Of that amount, $76 billion is in default, though Allan College of StudentLoanJustice.org put out a press release* doubting that figure because even defaulted loans have interest piled on top of them.

MEASURE SIGNED BY PRESIDENT INCREASES COLLEGE ACCESS & AFFORDABILITY

  

Raises Pell Grants, eases loan repayments, & funds community colleges

Changes paid for by eliminating $68 billion in fees to banks

 

By Miriam Raftery

April 3, 2010 (San Diego’s East County) – Most Americans don’t realize that the Health Care and Education Reconciliation Act signed into law on March 30th by President Barack Obama affects more than the health care industry.  It also brings sweeping change to the federal student loan program. Obama termed this “one of the most significant investments in higher education since the G.I. Bill.”

Under the new law, the federal government will stop paying fees to private banks to act as middlemen on loans to students. The measure will save the U.S. government nearly $68 million over the next 11 years—money that will be invested in more Pell Grants made directly to students.  The new law will also make it easier for students to repay loans after graduating. In addition, $2 billion will be invested in community colleges for education and career training programs.

FINANCIAL AID REQUESTS UP 31%, GROSSMONT COLLEGE REPORTS

 

 

A new report from Grossmont College says the number of Grossmont students applying to receive financial aid is increasing, along with the amount of dollars disbursed in tuition assistance.

 

Michael Copenhaver, Grossmont College director of financial aid, said the number of students completing the Free Application for Federal Student Aid (FAFSA) is 31 percent higher for a12-month time period from January to December 2009, compared to the same 12-month period in 2008.

COLLEGE STUDENTS FEEL PINCH: STUDENT LOAN APPLICATIONS UP 21% AT GROSSMONT

 

FAFSA, the federal government’s instrument for calculating need-based aid, is used by colleges and universities to determine financial aid eligibility for federal and state aid programs. Historically, a majority of the FAFSA applications received by the college are completed during the first half of the year, Copenhaver added.