News Releases

News Release | Higher Ed

New Consumer Finance Chief Can Lower Student Debt

Washington, D.C. – Today, President Obama is taking a bold step to protect student consumers from financial tricks and traps by announcing a recess appointment of his well-qualified nominee, Richard Cordray, to head the new Consumer Financial Protection Bureau. The CFPB can improve private student loans as well as credit cards and debit cards issued on campus.

News Release | Textbooks

'Textbook Rebellion' Launches Cross-Country Tour

The Textbook Rebellion kicked off a six-week, cross-country tour with events planned for 40 campuses nationwide.  At the tour stop, the University of Maryland, coalition members, students, faculty and a representative from the U.S. Department of Education were joined by the tour mascots, 'Mr. $200 Textbook' and 'Textbook Rebel,' to announce the launch.

News Release | Higher Ed

College Students ‘Subprimed’

Many of today’s college students face unnecessary financial risks by relying on unregulated private student loans to pay for college, with some students paying up to 18 percent interest.

News Release | Textbooks

New Laws, Free Books and Textbook Rentals Could Help Curb Rising Costs This Fall

BOSTON, Mass. (August 26, 2010) — Students across the country are gearing up for sticker shock over textbook prices this semester.  The average student spends $900 per year on textbooks, and new calculations by  ConnPIRG Students show that costs have increased at an astounding rate: textbook wholesale prices have risen more than four times the rate of inflation over the last two decades (1990-2009).

News Release | Textbooks

New Federal Law Will Curb Skyrocketing Textbook Costs

A groundbreaking federal law designed to tackle the rapidly rising cost of textbooks has kicked in just in time to impact college students this fall.  The law, which was part of the Higher Education Opportunity Act (HEOA) passed by Congress in 2008, is considered the first major federal action on this issue.

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