To: President Donald Trump
STOP DeVos from Making it Harder to Repay Student Loans
The secretary of education just stripped away Obama-era protections for student loan borrowers. 8.7 million people have defaulted on their student loans. As a result, Obama made the Federal Student Loan Office do more to help borrowers manage, or even discharge, their debt. Now DeVos has stripped away these borrower rights. Borrowers will pay more and defaults will rise.
We demand that Obama-era protections be reinstated immediately.
We demand that Obama-era protections be reinstated immediately.
Why is this important?
This is about basic fairness for the 44 million borrowers who owe $1.4 trillion in student loan debt.
DeVos's decision to reverse Obama's policies with no coherent explanation or substitute effectively means that the Trump administration is placing the welfare of loan contractors above those of student debtors.
http://www.sfgate.com/business/article/DeVos-Undoes-Obama-Student-Loan-Protections-11066031.php
DeVos's decision to reverse Obama's policies with no coherent explanation or substitute effectively means that the Trump administration is placing the welfare of loan contractors above those of student debtors.
http://www.sfgate.com/business/article/DeVos-Undoes-Obama-Student-Loan-Protections-11066031.php