Amid calls to extend the two-year pause on the repayment of federally held student loans, researchers at the Federal Reserve Bank of New York predict in a report released this week that borrowers are likely to struggle financially once forbearance ends.
The result, according to the report, will be a significant rise in delinquencies, both for student loans and for other debt.
Calbright College, California's online community college, faces a third legislative attempt to shut it down amid charges that it received millions in state funding and awarded certificates to only 70 students by the end of 2021.
Calbright is designed to serve adults between the ages of 25 and 34 who lack college degrees or need additional skills to qualify for higher-paying jobs.
There are 4 million Texans who have some college credit but never earned a credential. It’s a group that state higher education leaders want to bring back into the classroom to learn new skills and fill high-demand jobs across the state.
The Reskilling Support Fund Grant Program was created to make that happen. Instead, college leaders found themselves struggling to reach students who qualified for funding.
Five new case studies aim to help policymakers, practitioners, employers, and funders better understand the potential of certifications to help people enter the labor market, obtain a career goal, or reskill for a new career.
The reports are the culmination of a research study on how certifications serve as part of lifelong pathways for career advancement.