What You Need to Know About the Student Debt Crisis and the Latest Efforts to Fix It

December 23, 2013

As awareness of the student debt crisis continues to grow across America, some public officials in multiple branches of government are trying to help. This fall, the Consumer Financial Protection Bureau (CFPB) announced several new initiatives to regulate the private loan industry, and just recently, two groups of senators introduced bills to combat the rising cost of college tuition, increase access to higher education and provide student debt holders with a borrower’s bill of rights.

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