News Clips

The Ohio legislature has the chance to pass two common-sense bills that would provide a boost to Ohioans trying to pursue an education and strengthen our economy, especially now as we emerge from the coronavirus pandemic.

We keep hearing that we may have to accept a new normal going forward. However, when it comes to helping Ohioans pursue their education, a new normal can — and should — be a good thing.

“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 is, we have kind of seen this before, where this is kind of what happens after natural disasters like hurricanes. The government will…

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 eventually try to solve. “Our goal is really to come up with a set of workable, practical, implementable solutions that we can put…

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 loans.

There are more than 1 million student borrowers across the Commonwealth. Those loans average more than $40,000. On Monday, the Virginia House passed legislation that would create a so-called “Borrower’s Bill of Rights.”