Latest Student Loan News

Private Student Loans and the Consumer Financial Protection Bureau

President Obama signed financial reform legislation this summer that creates a new consumer financial protection bureau (CFPB).  The CFPB will have rule writing authority over private student lenders, including bank and […]
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The Need for Education Debt Management

American Student Assistance recently released a paper on the need for education debt management.  The paper, “Approaching the Tipping Point”, raises a number of critical issues, including how to create incentives to […]
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Doing the Right Thing for Borrowers

A recent experience highlights the ways in which so many borrowers in default run into brick walls when trying  to enforce their rights.  The twist to this experience is that […]
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Shattered Dreams, Consumer Fraud and For-Profit Education

It is good news that the Department of Education and Congress are starting to take a closer look at the for-profit higher education industry.  Our low-income clients have struggled for […]
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Update on “A lot of Talk, Not Much Action”

We previously wrote about our efforts to persuade the Department of Education to resolve a number of problems with policies and programs for financially distressed student loan borrowers.  Unfortunately, not […]
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The Department of Education and Financially Distressed Student Loan Borrowers: A lot of Talk, Not much Action

We have tried for years to persuade the Department of Education to improve policies and programs for financially distressed student loan borrowers.  We hoped the new Administration would act quickly […]
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New Legislation on Student Loans and Bankruptcy

In April 2010, separate bills were introduced in the U.S. House and Senate to restore bankruptcy dischargeability of most private student loans.  The House Judiciary Committee held a hearing on […]
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What is Going on with Loan Rehabilitation?

We wrote a while ago about a new law that was supposed to unclog the loan rehabilitation logjam.  Since then, the market has rebounded and according to guaranty agencies, there […]
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Financial Literacy as the Easy Way Out

It’s so hard to agree on how to police our credit market place that policymakers (and sometimes advocates) often give up on regulation and call instead for more financial literacy […]
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