A Big Win, CFPB Needs Your Story by 1/17, TICAS Hiring in DC

President Obama's appointment of Richard Cordray to direct the Consumer Financial Protection Bureau is a big win for students and their families, signaling the beginning of the end of the ‘wild west' of student lending.  There's finally a sheriff in town to protect consumers in the woefully under-regulated private student loan market.

Statement on New Steps by Obama Administration to Help Student Borrowers

Today the Obama Administration announced important and timely new steps to help struggling student loan borrowers.  We applaud the Administration's steps to make more federal loan borrowers aware of Income-Based Repayment and to provide additional repayment relief for up to 1.6 million current students, including a lower monthly payment cap and loan forgiveness after 20 rather than 25 years of responsible payments.

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