Younger voters are notoriously disinterested in the political process. But an analysis of student loan lobbying suggests that major players in the political process are interested in them.Continue reading
Data lacking on private student loans
With student debt rising to a projected $1 trillion and concerns rising in the Occupy Wall Street movement and beyond about the bursting of the student loan bubble, the new federal consumer protection agency has set a Tuesday deadline for the public to send in data and stories about the rapidly expanding private student loan market—loans students are getting from banks and, increasingly, by for-profit universities such as Corinthian Colleges and DeVry University.
“The private student loan market is one of the least understood credit markets,” wrote Rick Hackett, a staffer for the Consumer Financial Protection Bureau (CFPB) in ...Continue reading