I am a concerned citizen who does not agree with your changing rules to allow Students who miss payments on student debt to be charged fees of up to 16%. This is called Loan Sharking by another name. I do not feel the U.S.A. should be gouging our young students who happen to miss a payment due to hard times.
Why is this important?
Education Secretary Betsy Devos just okayed further gouging of student borrowers.
Lenders can charge 16% fees on borrowers who miss payments after DeVos axed former President Obama's policy that prohibited companies from gouging students.
