ReportWire

Tag: Employment Opportunities

  • ACCSES Participates in Panel at U.S. Commission on Civil Rights Public Briefing on Special Minimum Wage

    ACCSES Participates in Panel at U.S. Commission on Civil Rights Public Briefing on Special Minimum Wage

    [ad_1]

    Press Release



    updated: Nov 15, 2019

    ​​​Kate McSweeny, Vice President Government Affairs and General Counsel, ACCSES, will represent ACCSES members at today’s U.S. Commission on Civil Rights Public Briefing on Special Minimum Wage. Click here to view her testimony.

    ACCSES is a national disability policy organization that represents community-based disability service providers across the country and the individuals with disabilities they serve. Guided by federal policy, including the Americans with Disabilities Act, the Olmstead Decision, the Workforce Innovation and Opportunity Act, the Individuals with Disabilities Education Act, the Rehabilitation Act of 1973, the Fair Labor Standards Act, and other federal and state laws, ACCSES stands with over three million people with disabilities and over 1,200 community rehabilitation providers across the country in support of maintaining a full array of options and opportunities for all people with disabilities. ACCSES represents and stands with the individuals who would be affected if the right to be paid special minimum wage under 14(c) certificates were eliminated.

    Section 14(c) special minimum wage certificates have made a significant difference for numerous people whose lives have been more fulfilled through the opportunities, friendships, and community that work provides. Working under a Section 14(c) certificate gives people the opportunity to develop job skills that they can expand on in other environments. These skills have allowed many people who started out working under a Section14(c) certificate to take on new challenges that were previously out of reach. Section 14(c) certificates allow people with the most significant disabilities the dignity of work and earning a paycheck.

    There has been a good deal of misinformation spread about 14(c) certificates and the important role of community rehabilitation programs in providing and supporting employment opportunities for people with a wide range of disabilities. The network of CRPs across this country, staffed by people with substantial knowledge and extensive experience, are vital in providing and maintaining work opportunities for people with the most significant disabilities. CRPs not only provide training, work opportunities, transportation, and job supports, they also work with the people they serve to provide supported employment and job coaches in competitive jobs.

    McSweeny stated, “If Section 14(c) special minimum wage certificates were to be eliminated, no one would benefit.  … Many people who love their jobs and want to keep their jobs would be harmed. People working under a special minimum wage certificate already have the option of participating in day programming. They choose work, a choice that should be respected. Work is a vital part of their day and, indeed, their dignity.”

    ###

    ACCSES represents more than 1,200 disability service providers across the country. ACCSES works to promote and enhance community-based solutions that maximize person-centered employment and living opportunities for people with disabilities. Through collaboration with government and other stakeholders, ACCSES assures that services recognize and support the full potential of each person with a disability.

    MEDIA CONTACT:

    Kate McSweeny
    202.349.4279
    KMcSweeny@accses.org

    Source: ACCSES

    [ad_2]

    Source link

  • MeasureOne’s Private Student Loan Report Shows That Positive Trends Continue in the Private Student Loan Market: 98% of Students and Families Successfully Managing Payments

    MeasureOne’s Private Student Loan Report Shows That Positive Trends Continue in the Private Student Loan Market: 98% of Students and Families Successfully Managing Payments

    [ad_1]

    Delinquency and Defaults Remain at or Near Historic Lows, According to 12th Edition of MeasureOne Report

    Press Release



    updated: Jun 18, 2019

    ​​​​​MeasureOne, a leading provider of data and analytics serving the $1.59 trillion-dollar student loan market, today released the 12th edition of its Private Student Loan Report. The latest report again affirms that students and families continue to responsibly use private student loans to cover college costs. In fact, 98% of families are successfully managing payments and less than 2% default, annually.

    Private student loans, which are fully underwritten to assess creditworthiness and ability to repay, make up approximately 7.7% of total student loans outstanding as of Q1 2019. The remaining 92.3% of the $1.59 trillion in student loans are federal loans owned and managed by the Department of Education.

    The MeasureOne Private Student Loan Report reflects data as of end-Q1 2019 for private student loans and does not include federal student loan data. As of the end of Q1 2019, the report found:

    • Private student loan originations in AYTD 2018/19 (Q3 2018 to Q1 2019 only) was $8.35 billion, up 11.96% year-over-year.
    • Early-stage delinquency (30 to 89 days past due) rate was 2.48% of loan balances in repayment; the late-stage delinquency (90+ days past due) rate was 1.50%.
    • Annualized defaults were 1.84% of loan balances in repayment. Loans in forbearance were 2.18%.
    • The total outstanding balance for private student loans represented in the MeasureOne Report was $66.07 billion (including in-school loans but excluding consolidation, refinance and parent loans).
    • Undergraduate loans accounted for 89.45% and graduate loans 10.55% of loans originated in AYTD 2018/19.

    “Our bi-annual report shows that students and families continue to use private student loans responsibly to cover the costs of college,” said Dan Feshbach, CEO for MeasureOne. “That’s particularly encouraging given recent media interest in the student debt issue. What’s often lost in the headlines is that private student loans are being managed successfully. In fact, private student loan portfolios are near historic lows for delinquencies and defaults.”

    This bi-annual report includes continuous contributions from the MeasureOne Private Student Loan Consortium, a data cooperative of the six largest student loan lenders and holders: Citizens Bank, N.A., Discover Bank, Navient, PNC Bank, N.A., Sallie Mae Bank and Wells Fargo Bank, N.A.

    In addition to the original six largest student lenders, the Q1 2019 report includes the following thirteen contributors: College Ave Student Loans, Navy Federal Credit Union and 11 members from the Education Finance Council. In total, these 19 data contributors represent 63.35% of the private student loans outstanding in the U.S.

    The full MeasureOne Private Student Loan Report is available for download at https://www.measureone.com (see Research Section)

    About MeasureOne

    MeasureOne, founded in San Francisco with offices in Dallas, TX, specializes in data and analytics serving the $1.59 trillion-dollar student loan market, the second largest form of consumer credit in the U.S. The company developed the first and only Private Student Loan Consortium, a data cooperative of the nation’s largest lenders and holders of private student loans. MeasureOne evaluates academic and loan performance data to increase understanding of consumer lending, academic success, and employment opportunities. For more information about MeasureOne, visit www.measureone.com.

    News Media Contact:

    Samantha Gomes
    949.533.4559
    newsmedia@measureone.com

    Source: MeasureOne

    [ad_2]

    Source link

  • Ninety-Eight Percent of Students and Families Successfully Managing Private Student Loan Payments According to 11th Edition of MeasureOne Report

    Ninety-Eight Percent of Students and Families Successfully Managing Private Student Loan Payments According to 11th Edition of MeasureOne Report

    [ad_1]

    Press Release



    updated: Dec 20, 2018

    Students and families are responsibly using private student loans to cover college costs with close to 98 percent successfully managing payments according to the 11th edition of MeasureOne’s Private Student Loan Report.

    Private student loans, which are made based on a robust assessment of creditworthiness and ability to repay, make up approximately 7.6 percent of total student loans outstanding as of Q3 2018. The remaining 92.4 percent of the $1.56 trillion in student loans are federal loans owned and managed by the Department of Education.

    The MeasureOne Private Student Loan Report reflects data as of end-Q3 2018 for private student loans and does not include federal student loan data.

    As of the end of Q3 2018, the report found:

    • Early-stage delinquency (30 to 89 days past due) rate was 2.73 percent of loan balances in repayment; the late-stage delinquency (90+ days past due) rate was 1.75 percent.
    • Annualized defaults were 2.19 percent of loan balances in repayment. Loans in forbearance were 2.39 percent.
    • Private student loan originations in AYTD 2018/19 (Q3 2018 only) was $3.65 billion, up 11.23% year-over-year.
    • The total outstanding balance for private student loans represented in the MeasureOne Report was $66.28 billion.
    • On new originations, undergraduate loans accounted for 87.85 percent and graduate loans 12.15 percent of loans originated in AY 2017/18. The ratios for AYTD 2018/19 were 89.80 percent and 10.20 percent respectively.

    “The MeasureOne Private Student Loan Report continues to confirm the stability and health of the private student loan market,” said Dan Feshbach, CEO for MeasureOne. “The growth in originations along with low delinquency and defaults and judicious use of forbearance show that students and families are sensibly using private student loans to cover higher education costs.”

    This semi-annual report includes continuous contributions from the MeasureOne Private Student Loan Consortium, a data cooperative of the six largest student loan lenders and holders: Citizens Bank, N.A., Discover Bank, Navient, PNC Bank, N.A., Sallie Mae Bank and Wells Fargo Bank, N.A.

    The most recent report includes more performance data than ever before. In addition to the original six Consortium members, the Q3 2018 report includes the following eleven contributors: College Ave Student Loans, Navy Federal Credit Union and 9 members from the Education Finance Council. In total, these 17 data contributors represent 62.14 percent of the private student loans outstanding in the U.S. 

    The full MeasureOne Private Student Loan Report is available at https://www.measureone.com/psl.php

    About MeasureOne

    MeasureOne, founded in San Francisco with offices in Dallas, TX, specializes in data and analytics serving the $1.56 trillion-dollar student loan market, the second largest form of consumer credit in the U.S. The company developed the first and only Private Student Loan Consortium, a data cooperative of the nation’s largest lenders and holders of private student loans. MeasureOne evaluates academic and loan performance data to increase understanding of consumer lending, academic success, and employment opportunities. For more information about MeasureOne, visit www.measureone.com.

    News Media Contact:
    Samantha Gomes
    949.533.4559
    newsmedia@measureone.com

    Source: MeasureOne

    [ad_2]

    Source link