Pew founded and then collaborated on The Project on Student Debt from 2005 to 2010 to champion practical policy changes to prevent unmanageable student debt burdens, avoid unnecessary borrowing and help students finance their educations more wisely.
For Americans of all socio-economic backgrounds, borrowing became a primary way to pay for higher education. The Project on Student Debt worked to increase public understanding of this trend and the implications for our families, economy, and society. Recognizing that loans play a critical role in making college possible, the Project's goal was to identify cost-effective solutions that expand educational opportunity, protect family financial security, and advance economic competitiveness.
The Project on Student Debt was an initiative of the Institute for College Access & Success, a nonprofit independent research and policy organization dedicated to making college more available and affordable to people of all backgrounds.
Working with experts, the project conducted nonpartisan research and advocated for practical policy options to reduce debt. In 2007, Congress passed and the president signed bipartisan legislation that improved repayment options for student borrowers, a program modeled on the Institute's research. Today, the Institute is working to simplify the application for student grants so more students can take advantage of this type of funding instead of loans.
For more information on The Project on Student Debt and its current activities, please visit its web site.
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Berkeley, CA - Lauren Asher, president of the Institute for College Access & Success, issued the following statement: Read More
Berkeley, CA - Yesterday the U.S. Department of Education released a preview of college “cohort default rates” for federal student loans using a more robust methodology that will take effect in 2011. The new data show nearly 400,000 students who entered repayment in 2007 had defaulted by 2009, representing 12 percent of all students who entered repayment that year. Nearly half of these borrowers... Read More
The Project on Student Debt's fourth annual report on the student loan debt of new college graduates. The analysis of the most recent available data found that student debt continued to rise even as it got harder for recent graduates to find jobs, and that debt levels vary considerably from state to state and college to college. Read More