Coalition Letter: Cancel Student Debt
Woodstock Institute signed on to a letter led by Public Citizen urging the Biden Administration to cancel student debt and, until that happens, continue the payment pause on federal student loans.
Woodstock Institute signed on to a letter led by Public Citizen urging the Biden Administration to cancel student debt and, until that happens, continue the payment pause on federal student loans.
CEO Horacio Mendez spoke about forgiveness of student loan debt.
According to a media release from the Center for American Progress, the groups sent the letter to NCUA Chairman Debbie Matz Thursday and warned that loans made by federally chartered credit unions, federally insured, state chartered credit unions and...
150514_woodstock_CFPB_studentloans.pdf Testimony of Katie Buitrago before the Consumer Financial Protection Bureau Field Hearing on Student Loans. In this testimony Buitrago discussed the impact for-profit colleges have on students’ economic opportunities, with these students graduating with more debt and fewer...
150713_cfpb_servicing.pdfThis comment letter responds to the Consumer Financial Protection Bureau (CFPB) request for information on student loan servicing, in particular its questions on data. The letter draws upon lessons from the Home Mortgage Disclosure Act and the National Mortgage...
Reining in the multibillion-dollar industry has been the administration’s goal for most of President Barack Obama’s term in office, fueled by complaints that for-profit colleges lure students with misleading promises, then saddle them with debts they can’t pay back...
Public feedback is being sought by CFPB on “industry practices that create repayment challenges, hurdles for distressed borrowers and the economic incentives that may affect the quality of service.” The public comment period opened May 14 and will run...
DIGGING INTO DIPLOMAS: The U.S. is on track for a 90 percent high school graduation rate by 2020 after hitting a record high 81 percent this year. That’s according to the GradNation campaign’s sixth annual report released by America’s...
Today, anyone clicking on Contact Your Student Loan Servicer at ED’s student aid Website, loan servicer advice is limited to phone etiquette — keeping “careful notes on all conversations you have” and making the suggestion that the Federal Student...
“It’s well known that for-profit college students borrow—and default—more than students at public and nonprofit schools,” said Katie Buitrago, senior policy and communications associate at Woodstock Institute. “This research shows that even when for-profit students have socioeconomic backgrounds similar...