Comments to the Bureau of Consumer Financial Protection regarding student loan affordability
CFPB_comment_private_-loans_4_13.pdf | 75.1 KB
April 5, 2013
Based on our own research, and informed by stories that consumers have shared with us regarding their experiences, we believe that private student lenders should offer flexible repayment plans and refinance options to private loan borrowers. These two changes would provide immediate relief to borrowers and promote their long-term financial well-being, while restoring some much-needed market discipline to the private student loan industry.