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Monthly Archives: March 2013
Update on Collection Agency Complaint Systems
In May 2012, the National Consumer Law Center’s Student Loan Borrower Assistance Project released Borrowers on Hold: Student Loan Collection Agency Complaint Systems Need Massive Improvement, focusing on major gaps in the federal student loan collection agency complaint system. The … Continue reading
Tagged Collection, Default, Federal student loans
Troubling Trends in Student Debt
Unfortunately, the bad news about student loan debt burdens keeps coming. The Education Sector recently highlighted a number of troubling trends, including: From 1994 to 2009: The percent of graduates taking out loans increased from 42% to 62%, Median monthly … Continue reading
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