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Young Invincibles Responds to President Obama’s Proposal to Put Stronger Consumer Protections in Place for Struggling Student Loan Borrowers

FOR IMMEDIATE RELEASE

March 10, 2015

Contacts:
Sarah Lovenheim, sarah.lovenheim@younginvincibles.org, 585-746-8281
Colin Seeberger, colin.seeberger@younginvincibles.org, 214-223-2913

[WASHINGTON] In response to President Obama’s proposal of a “Student Aid Bill of Rights,” Young Invincibles’ Executive Director Jen Mishory has released the following statement:

“We’re thrilled to see President Obama taking a significant step to give students struggling with poor loan servicing and deceptive debt collection practices a voice through a centralized complaint system. Additionally, students have told us for years that tracking loans across multiple servicers confuses the repayment process; a central point of access for monitoring student loan rates should minimize this challenge.”

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