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News

Free College Movement May Reduce Student Borrowing

Posted on: January 26, 2017

the free-college movement sparked so much interest during the presidential campaign, with both Democratic candidates proposing tuition-free or debt-free public college. Stymied on the federal front, it looks like the free-college initiative will go back to individual states.

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Opinion

Our Wish List Of Legislative Priorities For Higher Education Consumers

Posted on: January 24, 2017

This month’s changing of the guard in Washington, D.C. sets the stage for lawmakers to tackle a number of higher education financing issues, whether through the stalled reauthorization of the Higher Education Act, stand alone bills or the reversal of regulations enacted during President Obama’s time in office. Here’s our wish list of executive and legislative priorities in the best interest of the higher education consumer.

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News

What to Know After A School’s Accreditor Loses Recognition

Posted on: December 15, 2016

The Department of Education announced it was denying the Accrediting Council for Independent Colleges and Schools’ appeal to overturn the department’s September decision to cease recognition of the agency. If your school recently lost its accreditation, here is what you need to know about how your student loans are affected. 

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News

American Student Assistance And Salt Promote Income Driven Repayment To More Than 1 Million Student Loan Borrowers As Part Of White House Student Debt Challenge

Posted on: December 9, 2016

As part of The White House Student Debt Challenge, we have proudly surpassed our pledge and have reached over 1.2 million borrowers, educating them on their income-driven student loan repayment options! Congratulations to Alverno College, our first partner school to recieve a scholarship to one of their deserving students! 

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Insights

Student Loan Repayment: 12 Rules

Posted on: December 6, 2016

It’s easy to drown in the financial details of student loan repayment. Here are 12 rules of repayment from two student loan experts: ASA’s Betsy Mayotte, director of consumer outreach and Craig Lemoine, program director for the American College of Financial Services.

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Insights

What Are My Student Loan Repayment Options?

Posted on: December 2, 2016

“Many students just borrow loans without thinking about what the payments will look like, what their job prospects will be, and how they will handle their finances in the future,” said Betsy Mayotte, ASA’s director of consumer outreach.

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Insights

5 Possible Higher Education Impacts of a Trump Presidency

Posted on: November 16, 2016

With so much still unknown and to be worked out during the transition over the next few months, it’s too soon to tell what student loan borrowers can expect. But here are a few items that could be possible priorities in a Trump presidency and Republican-controlled Congress.

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Insights

Military Aid Helps Veterans Pay for College

Posted on: November 10, 2016

Throughout November, we’re celebrating servicemembers and veterans. We’re showcasing the unique ways they can fund (or repay) their college educations to lessen their financial burden in achieving their goals. Read these three personal accounts.

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News

Defrauded Student Loan Borrowers to Receive Relief With New Regulations

Posted on: November 3, 2016

The Department of Education published the final version of the borrower defense to repayment regulations. These regulations are intended to both help borrowers who have been defrauded by their schools receive relief on their federal student loan debt and try to ensure that the federal taxpayer isn’t on the hook for it.

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Insights

New Legislation on Student Loans Under Review

Posted on: October 7, 2016

While the final outcome of these different student loan-related bills is unclear, a few common issues have arisen, including streamlining regulations imposed on higher education institutions, increasing transparency for college costs, simplifying loan repayment programs and discussing free or debt-free college.

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News

For First Time, Financial Aid Application Season Kicks Off in October

Posted on: October 3, 2016

This year, for the first time, students and parents can begin the financial aid application process as early as October, three months earlier than in previous years. The Free Application for Federal Student Aid, the first step in applying for state and federal financial aid, is now available beginning October 1.

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Insights

As Student Loan Defaults Increase, So Do the Scams

Posted on: September 28, 2016

The Consumer Financial Protection Bureau told NBC News it’s seen an increase in the number of companies that charge large upfront fees to get borrowers into government debt relief plans they could sign up for on their own - for free. Learn more about how to avoid these so-called debt relief companies.

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Insights

What Students Can Do When For-Profit Colleges Close

Posted on: September 26, 2016

It’s an uneasy time for students of for-profit colleges. Mass school closures have dominated the headlines recently, and more uncertainty is on the way: The Department of Education said Thursday it will no longer recognize the Accrediting Council for Independent Colleges and Schools, the largest accreditor of these colleges. ”It illustrates the importance for students to be wise consumers,” says Kevin Fudge, ASA’s director of consumer advocacy and ombudsman.

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Insights

Money 101 for College Students: How to Budget

Posted on: September 21, 2016

When you’re a college student living away from home, managing your money can be a constant challenge. For starters, you probably don’t have much to manage. Making sure you don’t run out of money starts with knowing where your money is going and prioritizing your spending. Yes, that means having a budget. 

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Insights

A Tale of Two New Englands

Posted on: September 16, 2016

Although New England has the lowest student loan default rate of any region in the country, low-income, first-generation, and minority students struggle disproportionately to repay their debt, according to a new report by the Federal Reserve Bank of Boston. 

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Insights

Lessons (for All College Students) of the ITT Shutdown

Posted on: September 6, 2016

If your college abruptly shuts down amid investigations—as ITT Technical Institutes announced it was doing today—your student loans won’t necessarily be canceled, student debt experts warn. If you believe you might be a candidate for student loan cancellation, here’s what you need to know.

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News

Salt Adds Four New Partner Schools

Posted on: August 31, 2016

Salt® is pleased to announce partnerships with Madison Area Technical College, University of St. Thomas, Texas State University and William Peace University to provide financial education, support and student loan counseling free-of-charge to students and alumni. 

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Opinion

Endless Debt

Posted on: July 21, 2016

As he prepared to retire this month, Paul C. Combe, longtime president and chief executive of American Student Assistance, he reflects on burdensome student debt. Problems that lead to loan delinquency often stem from a lack of information, he notes, coupled with borrowers’ fear of contact with anyone who might help them.

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News

GRCC Student Wins $10,000 in Scholarships

Posted on: June 21, 2016

A Grand Rapids Community College honors student received $10,000 in scholarships after entering a sweepstakes sponsored by Salt. The sweepstakes, Share Your Way To $10K, invited students and alumni to share their financial success stories with their peers in an effort to pay-it-forward.

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News

American Student Assistance Announces Leadership Transition

Posted on: May 19, 2016

Today, ASA announced the retirement of President and CEO Paul Combe after 20 years of service to the organization. Effective July 15, 2016, John Zurick, ASA executive vice president and president of ASA’s consumer literacy program “SALT®,” will succeed Combe as president and CEO of ASA. 

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News

American Student Assistance Takes White House Student Debt Challenge

Posted on: April 29, 2016

As part of the White House Student Debt Challenge, American Student Assistance has committed to spreading the word about federal student loan income driven repayment (IDR) options to at least 1 million borrowers before the end of 2016. In cooperation with partners in its SALT® financial literacy program for education consumers, ASA will spread the word about IDR with a particular emphasis on borrowers over the age of 40.

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