Student debt task force meets for first time amid pandemic

“The most important thing for you all to keep in mind is that September 30 isn’t all that far away,” Frotman said. “And on that day, the Department of Education and it’s handful of student loan companies are responsible for turning back on 35 million accounts. What really concerns me...

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Evers’ task force on student debt meets for first time

One person, from the Student Borrower Protection Center, said even with the freezes the federal government has put on student loans right now, student debt has been and will continue to be an issue, if not get worse. That’s just one piece of what the group will talk about and...

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Virginia lawmakers pass bill to help those facing student loans

Many student borrowers are confused by their repayment process, and Weitz said despite learning terminology during his work at VCU’s School of Business, he found himself questioning his decision making. He sees a “Student Borrower’s Bill of Rights” has a backstop for students against multi-billion dollar companies managing their student...

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Virginia House Passes Student Loan Borrower Protection Bill

During a press conference, advocacy groups spoke in support of the bill. Anna Scholl, executive director of Progress Virginia, says student loan servicers are “not living up to their end of the bargain.” “Student loans are the second largest body of consumer debt in the country outside of mortgages. We...

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