Editorial: California bill would help borrowers struggling with student debt

On Tuesday, the California Assembly passed a first-in-the-nation "Student Borrower Bill of Rights," which aims to protect borrowers with student loans. Sponsored by Assemblyman Mark Stone, the bill, AB 376, primarily targets student loan servicers, which are responsible for collecting student loan payments and managing student loan accounts.

Editorial: California bill would help borrowers struggling with student debt. that 3.8 million student loan borrowers in California owe about $134.3 billion.. who were struggling with.

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When we think about the student debt crisis, it’s easy to place the blame on irresponsible borrowers who went overboard racking up loans for a run-of-the-mill degree. But the problem is far more.

Two-thirds of college graduates leave school with student loans averaging $29,000, and many struggle to pay that debt back. But while millions of borrowers could qualify. more specifically targeted.

Haag’s student loan balance of around $20,000 isn’t as large as the burden shouldered by many other borrowers, but, he said, his difficultly finding a college-level job in the U.S. has made that debt.

Last September, President Donald Trump signed into law a bill allowing. all the help they can get, both health-wise and financially,” Mazza, 41, said. Mazza, a lawyer for the Justice Department who.

June 10, 2014 New York Times editorial: student borrowers and the Economy. June 10, 2014. President Obama took an important step this week when he signed an executive order providing relief to millions of struggling student loan borrowers and urged Congress to pass a student loan refinancing bill that is scheduled for a vote in the Senate on Wednesday.

Gov. Phil Murphy signed two pieces of legislation Thursday to assist student loan borrowers who are struggling with repayment. One of the two bills signed Thursday, Senate Bill 3125/Assembly Bill.

California last year began requiring all student loan servicers to be licensed by the state’s Department of Business Oversight. But Stone, who also authored that legislation, said that only some servicers are complying. Top 10 Bay area zip codes with the highest percentages of student loan borrowers who are 90+ days delinquent (march 2018)

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