Tuesday, September 11, 2018

College students need more loan watchdogs, not fewer - Sun-Times Editorial Board

As Sen. Dick Durbin tweeted, there’s now one less cop on the beat. The cop is Seth Frotman, and he’s the latest casualty in the Trump administration’s war to make it easier for shady lenders and for-profit schools to rip off college students with predatory loans and worthless degrees. Frotman resigned last week as the student loan ombudsman for the federal Consumer Financial Protection Bureau, leaving the 44 million Americans saddled with a record $1.5 trillion in student loan debt without a top government advocate to look out for their interests. https://chicago.suntimes.com/opinion/student-loan-debt-profit-schools-seth-frotman-mick-mulvaney/