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Trump Administration's Student Loan Policy

posted by Alan White
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Student loan debt has jumped from $1 trillion to $1.5 trillion in the last 5 years. The Education Department's official default rates seriously understate the share of young borrowers who default, or are not able to repay their loans. In the face of the growing student loan debt crisis, the Administration's corrupt policy is to undo the Obama administration's gainful employment rule for colleges, grease the wheels for fraudulent for-profit schools, curb loan relief to victims of school fraud, and sabotage consumer protection enforcement by the CFPB and state regulators (by asserting preemption) against student loan servicers who mislead and abuse borrowers. This article sums it up nicely.  

September 10, 2018 at 8:47 AM in Credit Policy & Regulation, Debt Collection, Student Loans

Comments

What do you expect when the Secretary of Education and her family get major vigorish from the for-profit "education" industry?

Posted by: Knute Rife | September 20, 2018 at 01:04 PM

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