Editorial: California bill would help borrowers struggling with student debt

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A children’s librarian in Staunton, Virginia, Sarah Pool is struggling under the weight of her student loan debt. States are stepping up to help students with loan repayments by passing laws to create ombudsmen. Editor’s note: This story was updated April 10 to correct the number of states (five.

Thursday, though, she released a bill along with one of President Trump’s favorite lawmakers, Florida Republican Rep. Matt Gaetz. The bipartisan bill would push more regular disclosures to student borrowers during the lifetime of their loan, including when they are still in college.

help borrowers with existing student debt, and increase transparency so students and families can make informed decisions," the statement continued. The bill includes plans creating a state-federal.

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Persis Yu, director of the National Consumer Law Center’s Student Loan Borrower Assistance Project, said either bill "would provide our clients life-changing and much-needed relief." Both Warren and Sanders have offered campaign proposals to enact free tuition at public colleges and universities along with student debt cancellation.

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Should student debt be forgiven? Given that the federal government has limited its student loan oversight, states need to step up. Editorial: Why California needs a student loan ‘bill of rights’ – The San Diego Union-Tribune. It’s disturbing enough to know that 3.8 million student loan borrowers in California owe about $134.3 billion. The true cost of this debt load.

. Office of Students was created to not just help educate borrowers about their student lending, but to enforce fair student lending practices against predatory for-profit colleges and predatory.

California needs to create new, enforceable rights for all California student loan borrowers, including borrowers who have been the victims of industry abuses. California law should ban abusive practices, ensuring these companies never take unreasonable advantage of borrowers who reach out to their student loan company for help.

Bailey, who is vice chair of the Senate Higher Education Committee, said the bill would help students make smarter decisions throughout their academic careers. “Student borrowers. from people.

Millions of Americans are drowning in student debt — but help could be on the way.. a new bill called the Student Borrower Bankruptcy Relief Act of 2019.. struggling to keep up with their.