Higher Ed

How students are engaging textbook companies in a duel against high prices, and winning

Before entering the classroom of an intro-level economics course, students get a real-life experience with the subject — the required textbook costs $290 on Amazon.

Report | U.S. PIRG Education Fund and the Student PIRGs | Higher Ed, Textbooks

Fixing the Broken Textbook Market

This study demonstrates that despite recent steps forward in the marketplace, high textbook costs will continue to be a problem for students unless the cost of high-priced, new editions of college textbooks comes down.

STUDENTS CALL FOR SENATE TO REJECT STUDENT LOAN DEAL

Today, college students spoke out to urge Senators to reject the pending student loan deal, which may come up for a vote in the Senate as early as this afternoon.   

News Release | Higher Ed

President Signs Bill Preventing Student Loan Interest Rates from Doubling

Students can breathe a sigh of relief today. At least for the next year, student strapped with debt will get a temporary reprieve from doubling interest rates on their loans borrowed next year.

Victory for Students.

By | MASSPIRG

We did it.

Over 7 million students will save an average of $1,000 in loan repayments, helping us become the next generation of teachers, doctors, and innovators.

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Senator Brown: Do the math

By | MASSPIRG

As you know, unless Congress takes immediate action, thousands of us will see our student loan interest rates double from 3.4% to 6.5% just weeks from now, on July 1, 2012.

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Media Hit | Higher Ed

Students Lose When Financial Aid Goes Onto Fee-Laden Debit Cards

Thought the student loan crisis was bad as it is? Now add hefty fees into that mix. Providers say students can avoid the fees that pile up when they elect to receive their financial aid on a debit card, but new research from a consumer advocacy group finds that these companies throw up roadblocks to keep the fee revenue rolling in, even as colleges make big bucks off their affiliations with these institutions.

Media Hit | Higher Ed

Campus debit cards can carry downsides

Consumer advocates have long criticized the amount of fees associated with debit cards. Most recently, a report by the U.S. Public Interest Research Group Education Fund found that hundreds of colleges have partnerships with financial companies to put a student’s financial aid on debit or prepaid cards that carry hefty fees. Under some of these deals, official student photo ID cards can double as debit cards.

News Release | Student PIRGs | Consumer Protection, Higher Ed, Student Debt

Banks Skim Millions in Fees from Student Aid Using Debit-Card-Linked Student IDs

Washington, D.C. – Over 9 million students are at risk for increased educational debt, due to bank-affiliated student debit cards that come with high fees, insufficient consumer protections, and few options. Financial institutions now have affinity partnerships with almost 900 campuses nationwide, grafting bank products onto student IDs and other campus cards to become the primary recipient of billions in federal financial aid to distribute to students.

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