Students, teachers on the frontline of student loans
The student loan crisis has left many struggling to find work and even to pay the bills, leaving millions more struggling to pay their bills.
For more than a decade, the number of people struggling to get by on student loans has grown exponentially, with the number now approaching 3.7 million, according to the Federal Reserve Bank of San Francisco.
More than half of students who took out student loans in the US between 2000 and 2013 were from low-income families.
The vast majority of these loans were for student loans from private lenders, but many of them were not.
Some of these borrowers had incomes of less than $30,000, while others were living in poverty.
According to the Center for American Progress, more than 70 percent of borrowers with private loans are paying off the loans at a slower rate than they would for a private loan.
This is a problem that has not been fully addressed by the government.
But there is now a bipartisan push to address this problem by enacting a new law called the Servicing the Consumer Act.
The bill was introduced in the House by Republican Representative Rodney Frelinghuysen, and it would require private lenders to pay a portion of the amount of a borrower’s loan after it is paid off, which is known as a “fees-in-lieu” or “felony” charge.
The bill would also require those private lenders that have made a payment on a student loan to notify the borrower, along with their employer, when they receive a “subsequent” payment from the borrower.
While the bill would allow private lenders who have made payments on student loan debt to avoid having to pay penalties, it would also set a timeline for when they would have to pay.
“These are the same companies that have been under investigation for defrauding the American people,” Frelinghan said.
“They need to be held accountable for their actions.”
This new law would also ensure that all borrowers who are still receiving payments after their private loans have been paid off would receive the same amount of money they received from the government after they paid off the private loans.
It was recently reported that President Trump’s Education Secretary Betsy DeVos has been lobbying the Federal Communications Commission to include a new rule in its upcoming rule to allow for faster repayment of student loan debts.
The White House said in a statement on Friday that DeVos has not had a chance to review the bill but she is “supporting the effort to ensure borrowers are receiving the same type of assistance and help as they receive today.”
The bill, which was introduced by Frelinghusen and co-sponsored by Representatives Mark Pocan, Zoe Lofgren, Ted Lieu, Joe Kennedy, Jim McDermott and John Lewis, has also been endorsed by former US Secretary of Education Arne Duncan.
President Trump also announced on Friday the formation of a “National Consumer Advocacy Council,” which would coordinate efforts to improve the lives of students and help them find jobs.
The National Consumer Advocace Council will consist of representatives from student loan servicing companies, education providers, student loan servicers, the Department of Justice and others, according the White House.