Make Higher Education Affordable

U.S. PIRG Higher Education Director Chris Lindstrom calling on Congress not to double the student loan interest rate.

Student Debt Is Skyrocketing

Higher education in America continues to be critical for both individual success and the social and economic health of our country. While college attendance has grown over the past two decades, state appropriations and federal aid have failed to keep pace with the rising cost of college, shifting more costs to students. As a result, more students than ever must rely on student loans to pay for a college degree, with the average borrower now graduating with over $26,000 in loan debt.  

Heavy student loan debt carries negative consequences for borrowers, who must make monthly payments with their hard-earned dollars rather than save up and get ahead. High debt can affect where graduates live, the kind of careers they pursue, when they start a family or purchase a home, and whether they can save for retirement. The combination of high student debt and low earnings can lead to default, ruined credit and wage garnishment. Such distress runs counter to the goal of higher education.

The U.S. PIRG Higher Education Project is working to:

1. Keep loans affordable: This July, interest rates will double on the subsidized Stafford loans that almost 8 million students use to pay for school. U.S. PIRG is campaigning to prevent interest rates from doubling and advocating for more and better repayment options once a student graduates. 

2. Increase grant aid to students, such as the Pell Grant: The Pell Grant is the federal government's cornerstone financial aid program, providing scholarship aid to almost 10 million students of modest income each year. U.S. PIRG is making sure that every student can rely on their grant to stay in school and make it to graduation.

3. Make textbooks affordable: Textbook prices are rising four times faster than inflation, leaving the average student now paying over $1,100 every year for textbooks. After working to end many tricks the publishing industry used to increase prices unfairly, U.S. PIRG is fostering real competition in the textbook market place by promoting more affordable options like open textbooks and open education resources.

Issue updates

News Release | U.S. PIRG | Higher Ed

143,000 Students to Lose Their Pell Grant Next Year

On Friday, Congress passed the FY2012 appropriations bill, changing eligibility requirements for Pell grants eliminating about 143,000 Pell Grant recipients from the program next year.

> Keep Reading
News Release | U.S. PIRG Education Fund | Higher Ed

Consumer Financial Protection Bureau Takes First Step to Protect Students but Hamstrung from Going Further

Today the Consumer Financial Protection Bureau (CFPB) announced a new initiative to improve financial literacy tools for students before they enter college.

> Keep Reading
News Release | U.S. PIRG Education Fund | Higher Ed

Obama Announces Initiatives to Ease Student Loan Debt

Tomorrow, President Obama will announce a series of initiatives that will reduce the burden of student loan debt that millions experience after graduation.

> Keep Reading
Blog Post | Higher Ed

Student Loan Defaults Skyrocket, Double in Past 6 Years | Rich Williams

On September 12th, the US Department of Education released the official FY 2009 cohort default rates on student loans. The number of students who defaulted within two years of entering repayment increased to 8.8%, up from 4.5% in FY 2003 and 7% in FY 2008.

> Keep Reading
News Release | U.S. PIRG Education Fund | Higher Ed

Department of Education Rule to Rein in Abuse at For-Profit Colleges Doesn’t Go Far Enough

Yesterday, the US Department of Education took the first step in reining in abusive practices at for-profit colleges which pile deep debt onto their students in exchange for questionable credentials.  It issued a new rule that sets a standard for these schools: their programs have to ensure graduates can earn enough to pay off the hefty student loans they must carry to pay for their enrollment.

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Pages

News Release | Florida PIRG Students

Gov. DeSantis vetoes programs students and educators rely on during COVID-19

News Release | U.S. PIRG

A new coalition of student-lead associations and advocacy groups set out priorities for the next coronavirus response package and federal budget.

Report | U.S. PIRG Education Fund

The U.S. PIRG Education Fund and the Student PIRGs asked students how the high cost of college course materials affects them. 

News Release | U.S. PIRG Education Fund

In a survey this past fall, the USPIRG Education Fund and the Student PIRGs asked college students how the high cost of course materials affects them. As colleges shift to increased use of costly access codes to facilitate remote learning during COVID-19, the risks are higher than ever that students will be priced out of participating in class.

News Release | U.S. PIRG Education Fund

 

State leaders secure relief to cover most Americans with student loans

Higher Ed

Fixing the Broken Textbook Market

The high price of college textbooks remains one of the most significant out of pocket expenses for students, and there has been little measurable improvement in key textbook affordability measures over the last six years. 

 

Higher Ed

Textbook merger fails to get approval from U.S. Department of Justice

In a win for college students, textbook publishers Cengage and McGraw-Hill stopped their merger after failing to get approval from the U.S. Department of Justice. We still have a long way to go, however, to ensure students have access to more affordable course materials.

 

Higher Ed

Lawmakers freeze student loan repayment during the coronavirus outbreak

As hours are reduced and more service, retail and hospitality jobs are lost to the COVID-19 pandemic, many Americans—including many student loan borrowers—are struggling to make ends meet. We commend federal lawmakers for putting a freeze on student loan repayments during this time of crisis. 

 

Higher Ed

Automatic Textbook Billing

Textbook publishers continue to add to the financial burden of college through a variety of tactics such as automatically charging students for textbooks on their tuition bill. Many of these automatic billing contracts fail to deliver real savings for students, reduce faculty and student choice, and give even more power to a handful of big publishing companies.

 
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