The Huffington Post reports that the newly created Consumer Financial Protection Bureau is beginning a wide-based investigation into the student loan servicing business. Given that over 40 million youngsters have student loan debt, this may be a significant development in ensuring that students are treated fairly. At the least, it vindicates the decision for the […]
Following up on our recent posting about the problems concerning student loan debt in America, Fortune magazine reports that over a dozen Democratic senators have submitted proposed legislation to deal with at least a part of the skyrocketing amount of student loan debt. Under their proposal, any education loans issued to students by private financial […]
During a speech at Suffolk University Law School recently, U.S. Sen. Elizabeth Warren called for an end to government profits on student loan debt, enhanced bankruptcy protections for student borrowers, and penalties for schools whose students default on their loans in large numbers, according to the Boston Globe. Warren’s long-standing position on student loans – in particular, her past […]
