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Articles tagged with: Student Lending

AFR in the News: Trump changes higher ed with rollback of consumer protections (Washington Post)
July 11, 2017 – 9:01 am

“The task force is co-chaired by Robert S. Eitel, a former attorney at for-profit college operator Bridgepoint Education, who is now senior counsel to DeVos… ‘At no point are they asking for the input of student loan borrowers or people enrolled in college,’ said Alexis Goldstein, senior policy analyst at the progressive Americans for Financial Reform. “The common theme here is enriching a certain number of private actors at the expense of protections for ­borrowers.”

AFR Statement: Budget Takes Aim at CFPB and Student Loan Holders
May 23, 2017 – 10:52 am

“Without exception, the proposals we’ve seen to de-fund or restructure the Consumer Financial Protection Bureau are about making it less effective at doing its job,” said Brian Marshall, policy counsel at AFR. “The agency has won relief worth $12 billion for 29 million Americans since it started work. All these proposed changes to the CFPB would do is make it easier for Wall Street and assorted predatory lenders to rip people off.”

AFR in the News: Trump to propose scrapping beleaguered student loan forgiveness program (MarketWatch)
May 18, 2017 – 2:10 pm

“Alexis Goldstein, a senior policy analyst at Americans for Financial Reform… described the idea of eliminating the program as ‘horrifying,’ noting that… borrowers are struggling to manage their student debt, pushing them to put off home-buying and other financial milestones. Eliminating a forgiveness program would only make that worse, she said. ‘It seems both ill-conceived from a policy perspective and just cruel.’”

AFR in the News: DeVos reverses Obama directives protecting student loan borrowers (Market Watch)
April 12, 2017 – 3:57 am

“’Undoing these memos is a very concerning indication of how much (Department of Education officials) value protecting borrowers versus how much they want to insulate servicers,’ said Alexis Goldstein [of] Americans for Financial Reform. ‘Is this meant to be a message that says we are less concerned with borrowers and more concerned with protecting servicers even if they made mistakes in the past?’”

Joint Letter to Congress: 50+ Organizations Urge Congress to Keep Rules That Protect Students and Taxpayers from Waste and Fraud in Higher Education
March 22, 2017 – 2:11 pm

“We believe protections for student and taxpayers should be strengthened, not scaled back. …Veterans, low-income students and students of color have been disproportionately harmed by predatory colleges. Last month, 16 organizations representing millions of military servicemembers, veterans, survivors, and military families voiced their strong support for these protections and urged Congress to fully uphold them.”

AFR Statement: Department of Education must expedite and broaden relief to Corinthian students
March 25, 2016 – 2:16 pm

“We join with the advocates, lawmakers, and law enforcement officials who have all called on the Department use its legal authority to discharge debts of students covered by the Department’s enforcement actions without further delay and without requiring each borrower to make an individual application.”

AFR in the News: Corinthian students to receive $28 million in loan forgiveness (Washington Post)
December 4, 2015 – 11:48 am

“Alexis Goldstein, senior policy analyst at Americans for Financial Reform, says the department has done a poor job of reaching out to Corinthian students who might be eligible for relief… ‘[T]he department should be pursuing a much more comprehensive, multi-pronged outreach strategy in order to ensure that all students victimized by Corinthian are aware of their legal right to pursue debt cancellation.’”

Letter to Regulator: AFR Joins 45 Organizations in Urging the Department of Education to Act Proactively Towards Predatory, For-Profit Colleges
June 3, 2015 – 1:22 pm

“This letter seeks to engage the Department of Education on developing a proactive, risk-based, student-centered strategy for dealing with companies that the Department has reason to believe may be breaking the law and putting students and taxpayers in jeopardy.”