Higher Ed

News Release | MASSPIRG | Higher Ed

Interest Rates for over 150,000 Student Loan Borrowers in Massachusetts Set to Double on July 1

Unless Congress acts, on July 1, the interest rate for 158,718 student loan borrowers in Massachusetts will double from 3.4 percent to 6.8 percent. According to an issue brief released today by MASSPIRG, the rate increase translates into an additional $974 in debt per student, per loan.

A New Direction In Driving Trends

After a 60 year boom, driving is on the decline in the U.S. and no likely scenario shows it returning to previous levels of growth. 

How To Clean Up Identity Theft

In general, if you are a victim of identity theft or fraud, you likely will not be responsible for fraudulent charges. But, you do need to clear your name. Here's how.

How to Set Up a Security Freeze

A security freeze prevents new credit from being issued in a person’s name, and therefore stops identity thieves from creating unauthorized accounts, because it allows individual consumers the ability to control who gets access to their credit report.

How To Fix A Credit Reporting Error

Credit reports contain information on each consumer’s credit history. Since lenders use your credit report to decide whether or not to advance credit to you, it is important for you to make sure that your credit report is accurate.

Product Recalls

Six federal agencies with vastly different jurisdictions have joined together to create Recalls.gov— a "one-stop shop" for U.S. Government recalls. Check out the site to get the most up to date information about unsafe, hazardous or defective products including food, medicine, consumer products, motor vehicles, boats, cosmetics and environmental products.

Report | MASSPIRG Education Fund | Higher Ed

The Campus Debit Card Trap

A new report released by MASSPIRG Education Fund finds that banks and financial firms now control or influence federal financial aid disbursement to over 9 million students by linking their checking accounts and prepaid debit cards to student IDs. For decades, students would receive their aid by check, without being charged any fees to access their financial aid. Now students end up paying big fees on their student aid, including per-swipe fees of $.50, inactivity fees of $10 or more after 6 months, overdraft fees of up to $38 and plenty more. Financial institutions aggressively market or default students into their bank accounts to maximize these fees and their bottom lines.

News Release | MASSPIRG | Higher Ed

Banks Skim Millions in Fees off of the Backs of Students

“Campus debit cards are wolves in sheep’s clothing,” observed MASSPIRG Staff Attorney Lizzi Weyant. “Students think they can freely access their money, but instead their aid is being eaten up by bank fees. It’s outrageous.”

News Release | MASSPIRG | Higher Ed

Students Give Scott Brown a Math Lesson

“Senator Scott Brown has expressed his commitment to affordable higher education. But on Tuesday he voted to block a Senate bill that would have extended existing student loan interest rates,” said Lizzi Weyant, staff attorney at MASSPIRG. “Bay State students can’t afford for him not to vote the right way.”

Pages

Subscribe to RSS - Higher Ed

Defend the CFPB

Tell your senators to oppose the “Financial CHOICE Act,” which would gut Wall Street reforms and destroy the Consumer Financial Protection Bureau as we know it.

Support Us

Your donation supports MASSPIRG's work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

Consumer Alerts

Join our network and stay up to date on our campaigns, get important consumer updates and take action on critical issues.
Optional Member Code