Credit Card debt, car loans, mortgages, all seem to award protection for the borrower, but Privately-funded student loans offer no protection to the borrower. Beyond the initial forbearance period granted after graduation, ex-students are forced to pay crippling monthly payments, no matter what. Let's fix this.
Why is this important?
If one falls on hard times because of unemployment, medical expenses, or other unforeseen circumstances, don't let the Student Loan sharks threaten borrowers or cosigners.
