Author: Jamie Johnson

Department of Education Releases New Regulations for Teachers

On Wednesday the Department of Education announced new regulations aimed at helping prepare new K-12 teachers for the classroom. These regulations have been five years in the making, beginning with Arne Duncan, the former education secretary. These regulations will require that schools keep track of the performance and retention rates of teachers in their first three years after graduation. They will also allow states to measure the efficiency of their teacher preparation programs. These regulations will apply to both university programs and certification routes like Teach for America. U.S. Secretary of Education John B. King Jr. stressed that the...

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Student Loan Debt Delays Homeownership For Many Americans

Student loan debt has tripled in the past 10 years to over 1.3 trillion, and this student debt has impacted the ability of many Americans to purchase a home. Studies have shown that the percentage of homeowners under the age of 35 has dropped and many Americans with student loan debt do not feel financially secure enough to purchase a home. In a telephone survey conducted by NeighborWorks America, 30 percent of people polled said they knew somebody who has put off buying a home due to student loan debt, a number which has been rising steadily since 2014....

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Tribal Colleges Block Student Access to Federal Loans

In a Buzzfeed article last week, United Tribes Technical College in Bismarck, ND was listed as the fourth highest in student loan defaults in the nation, with a 44 percent default rate. Yet before this article had even come out, United Tribes Technical College had already cut off student access to federal loans, along with the majority of colleges run by Native Tribes. There are 32 tribal colleges in the nation but only 3 offer students the option to apply for federal loans. One reason for this is the government can pull funding entirely from schools with high default...

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Senator Ron Johnson Finds Rising Tuition Costs Troubling

In a recent interview, Senator Ron Johnson discussed his plans for how to deal with rising tuition costs and the 1.4 trillion student loan debt. Johnson, who is up for re-election in November, is running his campaign on the promise of reducing government regulations. He is quick to point out that he is not a career politician but a businessman who stepped up and ran for the U.S. Senate. Johnson’s home state of Wisconsin has the third highest percentage of college graduates with student loan debt. His opponent, Russ Feingold, supports options that allow borrowers to refinance and consolidate...

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Student Loan Forgiveness Begins in 2017

Borrowers who enrolled in the Public Service Loan Forgiveness Program (PSLF) will be eligible to have their loans forgiven starting in October 2017. The program was created in 2007, and borrowers may qualify if they are employed in a federal, state, or local government or nonprofit job full time which often included those who worked in healthcare, education, and more. It requires 120 qualifying loan payments (roughly 10 years). This loan forgiveness is also tax-free to borrowers, unlike income-driven repayment plans. Participation in PSLF has been much higher than initially anticipated. Originally designed as a small program to help...

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