Tag Archives: Private student loans

Private Student Loans and the Consumer Financial Protection Bureau

Posted on November 16, 2010

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 non-bank lenders.  The CFPB will also have enforcement authority over most … Continue reading →

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New Legislation on Student Loans and Bankruptcy

Posted on May 11, 2010

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 H.R. 5043.  Deanne Loonin of NCLC testified in support of … Continue reading →

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Quick Review of 2009

Posted on December 31, 2009

2009 was a big year in the student loan world.  Unfortunately, as the economy has worsened and joblessness rates have increased, more and more student loan borrowers are finding it difficult to deal with overwhelming debt loads.  We will write … Continue reading →

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When Will the Cycle End?

Posted on December 25, 2009

The holiday season can be a time for  reflection, so I am thinking  back on the student loan borrower clients I have worked with this year.  On the positive side, we have helped many  borrowers manage their overwhelming student loan … Continue reading →

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Private Student Loan Ombuds Program

Posted on November 9, 2009

On Thursday, November 5, Senators Sherrod Brown (D-OH), Michael Bennett (D-CO), Al Franken (D-MN) and Barbara Mikulski (D-MD) introduced new legislation (S. 2733) to create a private student loan ombudsman program. This is a promising first step in improving assistance … Continue reading →

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