The Student Loan Default Trap: Why Borrowers Default and What Can Be Done, a new report released on Monday from the National Consumer Law Center’s Student Loan Borrower Assistance Project, addresses questions about the causes of default and the effectiveness of programs intended to
The U.S. Senate Banking Subcommittee on Financial Institutions and Consumer Protection held a hearing earlier this week, “Private Student Loans: Providing Flexibility and Opportunity to Borrowers?” In our testimony, we called on Congress and regulators to act now to provide relief fo
July 1 was an important date for many student borrowers. Key changes to student aid programs include: 1. New students without high school diplomas or GEDs will no longer be eligible for federal aid. (There is an exception for students who were home schooled). 2. Congress agreed at
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